https://www.taxtmi.com/caselaws?id=39742 The court held that the compensatory (city) allowance received by the assessee, an Income-tax Officer posted in Bombay, is exempt from tax under section 10(14) of the Income-tax Act, 1961. The Tribunal's decision allowing the appeal was upheld, as the court found that the allowance met all conditions under section 10(14) and was specifically granted to meet expenses wholly, necessarily, and exclusively incurred in the performance of duties. Consequently, the court did not address the question of deductibility under section 16(v) of the Act. Each party was directed to bear its respective costs of the reference. en-us Tue, 06 Aug 1974 00:00:00 +0530 Tue, 20 Apr 2010 10:36:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39742 The court held that the compensatory (city) allowance received by the assessee, an Income-tax Officer posted in Bombay, is exempt from tax under section 10(14) of the Income-tax Act, 1961. The Tribunal's decision allowing the appeal was upheld, as the court found that the allowance met all conditions under section 10(14) and was specifically granted to meet expenses wholly, necessarily, and exclusively incurred in the performance of duties. Consequently, the court did not address the question of deductibility under section 16(v) of the Act. Each party was directed to bear its respective costs of the reference. Case-Laws Income Tax Tue, 06 Aug 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39742