https://www.taxtmi.com/caselaws?id=58438 The Appellate Tribunal ruled that an assessee receiving salaries from two different companies is entitled to separate deductions for each employment under s. 16(i) of the Income Tax Act. The Tribunal rejected the Income Tax Officer's disallowance of a portion of the deduction based on a threshold, emphasizing the need to calculate deductions separately for each source of income. The judgment clarified that the assessee could claim a standard deduction for each employment, subject to the limitation specified in s. 16(i), leading to a partial allowance of the appeal. en-us Mon, 14 Nov 1977 00:00:00 +0530 Mon, 20 Dec 2010 10:37:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58438 The Appellate Tribunal ruled that an assessee receiving salaries from two different companies is entitled to separate deductions for each employment under s. 16(i) of the Income Tax Act. The Tribunal rejected the Income Tax Officer's disallowance of a portion of the deduction based on a threshold, emphasizing the need to calculate deductions separately for each source of income. The judgment clarified that the assessee could claim a standard deduction for each employment, subject to the limitation specified in s. 16(i), leading to a partial allowance of the appeal. Case-Laws Income Tax Mon, 14 Nov 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58438