1984 (12) TMI 109

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... The assessee individual was an employee of Modi Spinning & Weaving Mills, Modinagar. He, however, resigned from the said company and joined Atlas Cycle Co. At the time of his resignation he received, Rs. 3,008 as encashment of leave salary which, the ITO held, was not exempt under s. 10(10AA). AAC confirmed the ITO's action. It is urged before us that s. 10(10AA)(ii) allows exemption in respect o....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e time or resignation from Atlas Cycle Co. and rejoining Modi Spinning & Weaving Mills Ltd. ITO and AAC have held the said amount to be assessable. However, following out order for asst. yr. 1981-82, we delete the said addition. Standard deduction under s. 16(i)of Rs. 1,000 was allowed by the ITO on the ground that the assessee was receiving conveyance allowance and was, therefore, hit by proviso ....