1988 (3) TMI 11

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....estion involved in this case is whether any tax is liable to be paid on the city compensatory allowance received by the officers and staff of the bank. Since the question involved is purely a question of law, Mr. Bhattacharyya, learned counsel appearing for the respondents, has submitted that the Income-tax Department has not used any affidavit-in-opposition. He has not, however, admitted the alle....

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....ch of this court, refund will be given to the concerned officers and staff of the bank. In view of the judgment in the case of R. R. Bajoria [1988] 169 ITR 162, the amount paid to officers and staff by the employer bank as and by way of city compensatory allowance does not come within the purview of the charging provisions under the Income-tax Act, 1961. Similar view has been taken by the Bomba....