2003 (7) TMI 15

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....wing substantial question of law: "Whether, on the facts and circumstances of the case, the learned Income-tax Appellate Tribunal was justified in holding that the conveyance and additional conveyance allowance paid to the appellant who is an employee of the LIC is not exempt under section 10(14)(ii) of the Income-tax Act, 1961?" The appellant is an officer in the Life Insurance Corporation ....

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....y, necessarily and exclusively in the performance of the duties in employment. The Assessing Officer asked for the evidence whether the expenses on conveyance are used wholly, exclusively and necessarily for the purpose of performing of the duties by the assessee, in the course of employment. The assessee has not submitted any such evidence before the assessing authority. In para. No. 4 the Assess....