https://www.taxtmi.com/caselaws?id=20550 The High Court of Gujarat ruled in favor of the assessee, allowing standard deduction on pension income under section 16 of the Income-tax Act. The court interpreted the phrase "expenditure incidental to the employment" to encompass pension income, emphasizing that actual expenditure is not a prerequisite for claiming deductions. Referring to a previous judgment, the court held that pensioners should be treated as in present employment for the purpose of section 16. The decision highlighted the legislative intent behind the 1974 amendment, supporting the eligibility of pension income for standard deductions. en-us Wed, 31 Mar 1993 00:00:00 +0530 Sat, 14 Nov 2009 16:14:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20550 The High Court of Gujarat ruled in favor of the assessee, allowing standard deduction on pension income under section 16 of the Income-tax Act. The court interpreted the phrase "expenditure incidental to the employment" to encompass pension income, emphasizing that actual expenditure is not a prerequisite for claiming deductions. Referring to a previous judgment, the court held that pensioners should be treated as in present employment for the purpose of section 16. The decision highlighted the legislative intent behind the 1974 amendment, supporting the eligibility of pension income for standard deductions. Case-Laws Income Tax Wed, 31 Mar 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20550