https://www.taxtmi.com/caselaws?id=65763 The ITAT at Gauhati clarified that an assessee is entitled to claim deductions under Section 16 of the IT Act for pension income received from a former employer. The Tribunal emphasized that pension income falls within the definition of salary under Section 17 and is eligible for deductions under Section 16. The ITAT's decision was based on a literal interpretation of the relevant provisions, highlighting the legislative intent to simplify the assessment process for salaried taxpayers by allowing deductions without proof of actual expenditure. The reference application by the CIT was rejected, as no legal question arose from the ITAT's order. en-us Wed, 02 Apr 1980 00:00:00 +0530 Fri, 18 Feb 2011 16:23:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65763 The ITAT at Gauhati clarified that an assessee is entitled to claim deductions under Section 16 of the IT Act for pension income received from a former employer. The Tribunal emphasized that pension income falls within the definition of salary under Section 17 and is eligible for deductions under Section 16. The ITAT's decision was based on a literal interpretation of the relevant provisions, highlighting the legislative intent to simplify the assessment process for salaried taxpayers by allowing deductions without proof of actual expenditure. The reference application by the CIT was rejected, as no legal question arose from the ITAT's order. Case-Laws Income Tax Wed, 02 Apr 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65763