https://www.taxtmi.com/caselaws?id=62714 The Tribunal upheld the CIT(A)'s decision to grant the assessee a full standard deduction of Rs. 12,000 under section 16 of the IT Act for being an employee director in two companies. The Revenue's appeal against the allowance of the full deduction was dismissed due to the lack of evidence supporting personal use of the company's car and the requirement for the car to be specifically provided by the employer for the deduction to apply. The Tribunal emphasized that standard deduction should be allowed for expenses incidental to employment, and previous decisions supported the assessee's entitlement to the full deduction. en-us Wed, 23 Nov 1994 00:00:00 +0530 Fri, 21 Jan 2011 12:48:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62714 The Tribunal upheld the CIT(A)'s decision to grant the assessee a full standard deduction of Rs. 12,000 under section 16 of the IT Act for being an employee director in two companies. The Revenue's appeal against the allowance of the full deduction was dismissed due to the lack of evidence supporting personal use of the company's car and the requirement for the car to be specifically provided by the employer for the deduction to apply. The Tribunal emphasized that standard deduction should be allowed for expenses incidental to employment, and previous decisions supported the assessee's entitlement to the full deduction. Case-Laws Income Tax Wed, 23 Nov 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62714