2004 (5) TMI 36

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....ate Bank of India. As per service conditions of the officers of the bank they are entitled to LTC facilities including travel by air. The petitioner has filed this writ petition challenging the provisions of rule 2B(1)(a) of the Income-tax Rules making the difference between the air travel charges and the railway first class AC charges exigible to tax under the Income-tax Act, 1961 (for short "the....

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....r the leave travel facility availed of, the petitioner cannot claim any exemption from tax in respect of the amount received. Sub-section (5) of section 10 of the Act provides that in computing the total income of a previous year in the case of an individual the value of any travel concession or assistance received by, or due to him, (a) from his employer for himself, his spouse and children, in c....