Commnr. Of Income Tax & Anr vs I.T.I. Ltd

The Supreme Court dismissed the civil appeals concerning the statutory obligation of employers under the Income Tax Act, 1961, specifically regarding Section 10(5) related to Leave Travel Concession and Conveyance Allowance. The Court held that there is no requirement for employers to collect evidence proving that employees utilized the amounts paid for these allowances, as the exemption benefits the individual employee and no CBDT circular mandates such evidence collection. Consequently, the appeals were dismissed with no order as to costs.