https://www.taxtmi.com/caselaws?id=207631 The Tribunal allowed the appeals and Cross Objections filed by the assessees, granting exemption for the Living Allowance under Section 10(14)(i) and dismissing the Department's appeals. The Tribunal noted the revenue-neutral nature of the issue due to the potential applicability of DTAA with the USA, which would have allowed tax credit if the allowance was taxable in both countries. The Tribunal also upheld the decision regarding the charging of interest under Section 234B in favor of the assessees. en-us Fri, 30 Sep 2011 00:00:00 +0530 Sat, 30 Apr 2016 18:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207631 The Tribunal allowed the appeals and Cross Objections filed by the assessees, granting exemption for the Living Allowance under Section 10(14)(i) and dismissing the Department's appeals. The Tribunal noted the revenue-neutral nature of the issue due to the potential applicability of DTAA with the USA, which would have allowed tax credit if the allowance was taxable in both countries. The Tribunal also upheld the decision regarding the charging of interest under Section 234B in favor of the assessees. Case-Laws Income Tax Fri, 30 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207631