Allowing the petitions the Court held that, fixed conveyance allowance, additional conveyance allowance and expenses under head reimbursement of expenses scheme is entitled to exemption. Tax deducted at source to be reimbursed to the employees and benefit under S.89 to be extended on reimbursement of deduced amount.
K. S. Chaudhary and others v. Life Insurance Corporation Of India (2018) 409 ITR 258 (Delhi)(HC) Rajesh Kumar Gupta v. Senior Divisional Manager , Life Insurance Corporation of India (2018) 409 ITR 258 (Delhi) (HC)
S. 10(14) : Special allowance or benefit-Employees of Life Insurance Corporation-Fixed conveyance allowance, additional conveyance allowance and expenses under head reimbursement of expenses scheme is entitled to exemption-Tax deducted at source to be reimbursed to the employees and benefit under S.89 to be extended on reimbursement of deduced amount. [S.10(14)(ii), 89, 192, R. 2BB]