https://www.taxtmi.com/caselaws?id=20920 The High Court of CALCUTTA upheld the Tribunal's decision, ruling in favor of the assessee's entitlement to deduction under section 16(i) of the Income-tax Act, 1961 for the pension received. The judgment emphasized the inclusive definition of "salary" under section 17 to encompass pension for the purpose of deductions under section 16(i), highlighting the legislative intent behind allowing deductions based on a formula rather than actual expenditure incurred by the assessee. The court dismissed arguments regarding the employer-employee relationship, affirming that the pension received was part of the terms of employment and the entitlement of the assessee. en-us Fri, 17 Mar 1989 00:00:00 +0530 Wed, 18 Nov 2009 11:04:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20920 The High Court of CALCUTTA upheld the Tribunal's decision, ruling in favor of the assessee's entitlement to deduction under section 16(i) of the Income-tax Act, 1961 for the pension received. The judgment emphasized the inclusive definition of "salary" under section 17 to encompass pension for the purpose of deductions under section 16(i), highlighting the legislative intent behind allowing deductions based on a formula rather than actual expenditure incurred by the assessee. The court dismissed arguments regarding the employer-employee relationship, affirming that the pension received was part of the terms of employment and the entitlement of the assessee. Case-Laws Income Tax Fri, 17 Mar 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20920