https://www.taxtmi.com/caselaws?id=68089 The Appellate Tribunal ITAT Jaipur ruled in favor of the assessee, an employee of Life Insurance Corporation of India, in a case involving the reopening of assessments under section 154 of the IT Act, 1961. The Tribunal held that the additional conveyance allowance received by the assessee was fully exempt under section 10(14) of the Act, and the incentive bonus was taxable. The Tribunal found errors in the reassessment orders made by the Income Tax Officer and allowed the appeals, canceling the Deputy Commissioner's order. en-us Thu, 15 Jul 1993 00:00:00 +0530 Wed, 16 Mar 2011 18:25:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68089 The Appellate Tribunal ITAT Jaipur ruled in favor of the assessee, an employee of Life Insurance Corporation of India, in a case involving the reopening of assessments under section 154 of the IT Act, 1961. The Tribunal held that the additional conveyance allowance received by the assessee was fully exempt under section 10(14) of the Act, and the incentive bonus was taxable. The Tribunal found errors in the reassessment orders made by the Income Tax Officer and allowed the appeals, canceling the Deputy Commissioner's order. Case-Laws Income Tax Thu, 15 Jul 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68089