https://www.taxtmi.com/caselaws?id=59185 The Tribunal allowed the appeals, reducing the perquisite value of the car to Rs. 1,200 for both assessment years and ruling that interest credited to the provident fund exceeding one-third of the salary should not be taxable unless both conditions in rule 6(b) are met. The Tribunal interpreted "or" in the rule conjunctively to avoid unfair taxation on small salary employees and noted the legislative intent behind the rule's amendment in 1981. The Tribunal also affirmed the right of the assessee to claim exemptions before appellate authorities, even if not initially claimed at the assessment stage. en-us Sat, 06 Feb 1982 00:00:00 +0530 Sat, 25 Dec 2010 14:09:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59185 The Tribunal allowed the appeals, reducing the perquisite value of the car to Rs. 1,200 for both assessment years and ruling that interest credited to the provident fund exceeding one-third of the salary should not be taxable unless both conditions in rule 6(b) are met. The Tribunal interpreted "or" in the rule conjunctively to avoid unfair taxation on small salary employees and noted the legislative intent behind the rule's amendment in 1981. The Tribunal also affirmed the right of the assessee to claim exemptions before appellate authorities, even if not initially claimed at the assessment stage. Case-Laws Income Tax Sat, 06 Feb 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59185