https://www.taxtmi.com/caselaws?id=57962 The Tribunal held that the standard deduction for an individual with multiple employments under section 16(i) of the Income-tax Act, 1961 is capped at the specified amount, regardless of the number of employments. The retrospective amendment clarified this, limiting the deduction to Rs. 3,500 in total, not separately for each employment. The Tribunal reversed the Appellate Assistant Commissioner's decision and upheld the Income Tax Officer's order, ruling in favor of the revenue. en-us Wed, 31 Oct 1984 00:00:00 +0530 Wed, 15 Dec 2010 16:16:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57962 The Tribunal held that the standard deduction for an individual with multiple employments under section 16(i) of the Income-tax Act, 1961 is capped at the specified amount, regardless of the number of employments. The retrospective amendment clarified this, limiting the deduction to Rs. 3,500 in total, not separately for each employment. The Tribunal reversed the Appellate Assistant Commissioner's decision and upheld the Income Tax Officer's order, ruling in favor of the revenue. Case-Laws Income Tax Wed, 31 Oct 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57962