https://www.taxtmi.com/caselaws?id=10899 The court dismissed the challenge to rule 2B(1)(a) of the Income-tax Rules regarding tax on the variance between air travel charges and railway first class AC charges under section 10(5) of the Income-tax Act, 1961. The petitioner, an officer of the State Bank of India, argued that the rule was unjust as it contravened the Act. However, the court held that unless there is a specific exemption, the petitioner cannot claim tax relief on the amount received for the leave travel facility. The judgment highlights the necessity of complying with the prescribed conditions under section 10(5) for claiming tax benefits related to travel concessions. en-us Tue, 18 May 2004 00:00:00 +0530 Mon, 27 Jul 2009 16:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10899 The court dismissed the challenge to rule 2B(1)(a) of the Income-tax Rules regarding tax on the variance between air travel charges and railway first class AC charges under section 10(5) of the Income-tax Act, 1961. The petitioner, an officer of the State Bank of India, argued that the rule was unjust as it contravened the Act. However, the court held that unless there is a specific exemption, the petitioner cannot claim tax relief on the amount received for the leave travel facility. The judgment highlights the necessity of complying with the prescribed conditions under section 10(5) for claiming tax benefits related to travel concessions. Case-Laws Income Tax Tue, 18 May 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10899