Cit vs Ram Rattan Lal Verma

Allahabad High Court Cit vs Ram Rattan Lal Verma on 1 December, 2004 Equivalent citations: 2005 145 TAXMAN 256 All Author: P Krishna ORDER P. Krishna, J. The income-tax Appellate Tribunal, Delhi at the instance of the Income-tax department has referred the following two questions of law under section 256(1) of the Income Tax Act, 1961 (hereinafter …

Cit vs Ram Rattan Lal Verma

Excerpt:  payments received by an employee in respect of any period of leave not availed of by him will be exempt from income-tax only in cases where such payments are received on retirement and subject to the fulfilment of the other conditions laid down in section 10(10AA) of the Income-tax Act Allahabad High Court Cit vs Ram …