Tax on Kit Maintenance Allowance, Reimbursement of Premium Amount and Special Travelling Allowance.

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..../74-ITAI), dated the 30th October 1974 on the above subject. 2. Representations have been received by the Board from Air India as well as Indian Airlines Corporation against the direction of the Board to bring to tax the three allowances namely, Kit Maintenance Allowance, Reimbursement of Premium Amount and Special Travelling Allowance. The Board has re-examined the question of taxability of th....

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.... by the mischief of section 17(3) of the Income-tax Act, 1961. 5. In so far as the Special Travelling Allowance is concerned Board holds the view that it is taxable as it is a receipt by way of addition to the remuneration. 6. These revised instructions will apply for and from the assessment year 1975-76. No addition need be made in respect of any of these allowances upto assessment year 197....