1978 (8) TMI 55

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.....--The assessee was an ITO. During the previous year relevant for the assessment year 1972-73, he was posted at Kanpur. He received Rs. 531 by way of city compensatory allowance because he was posted at Kanpur. He claimed this amount to be exempt from income-tax. The ITO concerned, however, did not accept it. The assessee appealed. The AAC upheld the contention that this allowance was given to com....

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.... of the Income-tax Act, 1961 ? " By the Finance Act No. 25 of 1975, Parliament added an Explanation to cl. (14) of s. 10 of the Act. This Explanation was inserted retrospectively by using the words " shall be inserted, and shall be deemed always to have been inserted ". The Explanation says : Explanation.--For the removal of doubts, it is hereby declared that any allowance granted to the ass....