760/CBDT.

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.... Exchange Compensation Allowance drawn by officers and staff of the Government of India posted abroad were issued. It was stated that in regard to assessments for assessment year 1956-57 onwards only so much of the Exchange Compensation Allowance will be exempt from income-tax as is actually expended for the purpose for which the foreign allowance is given. This exemption was, however, subject to ....

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.... such; (ii) It should be given outside the taxable territories; (iii) It should be paid or allowed by the Government of India to a citizen of India; and (iv) The allowance or perquisite should be paid or allowed for rendering service outside the taxable territories. It is significant that no condition of any part of the allowance or perquisite being laid out wholly, necessarily and exc....