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2013 (6) TMI 519 - AT - Income TaxDeduction under section 10(10C) disallowed - assessee under the VRS Scheme of State Bank of India received sum on account of ex-gratia payments - Held that:- The issue is covered by the ratio laid down in Shri Bikram Jit Passi v. DCIT [2012 (11) TMI 214 - ITAT, CHANDIGARH] wherein similar claim in the hands of another ex-employee of State Bank of India was allowed - in favour of assessee. Claim of exemption under section 10(5) - leave travel package covered Singapore and Malaysia - Held that:- Reading of section 10(5) and Rule 2B of the Rules in conjunction lays down the guidelines for claiming exemption in relations to the travel concession received by an employee from his employer or former employer, for proceeding on leave to any place in India. The person is to undertake the journey to any place in India and thereafter return to the place of employment and is entitled to reimbursement of expenditure on such travel between the place of employment and destination in India. Rule 2B of the Rules further lays down the conditions that the amount to be allowed as concession is not to exceed the air economy fair of the National Carrier by the shortest route to the destination in India. The said condition in no way provides that the assessee is at liberty to claim exemption out of his total ticket package spent on his overseas travel and part of the journey being within India. No merit in the claim of the assessee in the present case - Against assessee.
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