1998 (7) TMI 33

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....estions of law for the opinion of this court under section 256(1) of the Income Tax Act, 1961 : "1. Whether, on the facts and in the circumstances of the case, and having regard to the provisions of section 16 of the Income Tax Act, 1961, the Appellate Tribunal was right in holding that the assessee was entitled to standard deduction of Rs. 4,500 under section 16(i) since the assessee was getti....

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.... Tax Officer rejected the claim of the assessee for two standard deductions and allowed the maximum of Rs. 3,500 as deduction under section 16(i) of the Income tax Act and disallowed the claim of the assessee of Rs. 1,000 from the salary received from Madras Rubber Factory Limited. The Appellate Assistant Commissioner on an appeal preferred by the assessee allowed the assessee's claim, which wa....

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.... standard deduction to one standard deduction where an employee receives salary from two different employers during the course of the accounting year. The assessment year with which we are concerned is 1981-82. The Explanation introduced by the Taxation Laws (Amendment) Act, 1984, would apply to the facts of the case. Taking notice of the retrospective amendment made by the Taxation Laws CIT v. U.....