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1999 (4) TMI 6 - SCH - Income Tax
Salaries and allowances paid by the Italian concern to its technicians deputed to work with FCI Ltd. - claim for exemption u/s 10(14) - Tribunal and the High Court have held that this daily allowance was exempt from tax under s 10(14) of the Act and it appears to us that it cannot be argued to the contrary
The Supreme Court judgment covered the issue of salaries and allowances paid by an Italian concern to its technicians deputed to work with FCI Ltd. The Court referred to a previous judgment in CIT vs. S.R. Patton. The Court affirmed that the daily allowance paid by the Indian concern to the technicians was exempt from tax under section 10(14) of the Act. The appeal was dismissed, upholding the High Court's decision. No costs were awarded.
9911796707
