Conveyance allowance received by LIC employee to develop insurance business is exempt from tax

Section 10(14) of the Income-tax Act, 1961 - Special allowance (Conveyance allowance) - Assessment years 1998-99 to 2000-01 - Whether conveyance allowed paid by LIC to its Development Officer for performance of his duties and development of insurance business is to be allowed as exempt under section 10(14) - Held, yes [Para 12] [In favour of assessee]

Refer:[2014] 45 taxmann.com 301 (Rajasthan)

HIGH COURT OF RAJASTHAN

Commissioner of Income-tax, Alwar
v.
Madan Gopal Bansal