https://www.taxtmi.com/caselaws?id=56864 The Tribunal held that the living allowance received by the assessee, a foreign national employed by IFFCO, constituted taxable income under section 5(2) of the IT Act as it accrued and became payable in India. The Tribunal rejected the applicability of section 10(14) for exemption, emphasizing that the living allowance was not a special allowance for duty-related expenses. The Tribunal allowed the appeals, overturning the Commissioner of Income-tax (Appeals) decision and reinstating the Income Tax Officer's assessment that the living allowance is taxable income. en-us Wed, 25 Feb 1987 00:00:00 +0530 Sun, 06 Feb 2011 02:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56864 The Tribunal held that the living allowance received by the assessee, a foreign national employed by IFFCO, constituted taxable income under section 5(2) of the IT Act as it accrued and became payable in India. The Tribunal rejected the applicability of section 10(14) for exemption, emphasizing that the living allowance was not a special allowance for duty-related expenses. The Tribunal allowed the appeals, overturning the Commissioner of Income-tax (Appeals) decision and reinstating the Income Tax Officer's assessment that the living allowance is taxable income. Case-Laws Income Tax Wed, 25 Feb 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56864