1980 (10) TMI 98 - AT - Income Tax

Summary

The appeal involved a dispute over the allowance of standard deduction under s. 16(i) of the Income Tax Act on salary, pension, and compensation. The Appellate Tribunal upheld the AAC's decision to allow standard deduction on both pension and compensation received by the assessee, dismissing the departmental appeal and allowing the assessee's cross-objection.