COMMISSIONER OF INCOME TAX Vs. KISHORE KUMAR PAUL

JUDGEMENT

(1.) Let affidavit of service filed in Court today be kept on record. Despite service of notice none appears on behalf of the respondent-assessee.

(2.) In the instant case, the assessee, working as a Development Officer in the Life Insurance Corporation of India (for short the "LIC") had received a sum of Rs. 3,74,013/- from his employer as additional conveyance allowance. In view of two certificates issued by the concerned branch of LIC, exemption was sought for under section 10(14)(i) of the Income-tax Act, 1961. The Assessing Officer after considering the facts and the notifications held that the assessee was not eligible for any deduction claimed under the said section particularly when the notification as contemplated under section 10(14)(i) of the Act was yet to be issued by the Central Government.

(3.) Aggrieved, the assessee preferred appeal. The CIT(A) allowed the appeal by holding as under: