COMMNR. OF INCOME TAX 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 the collection of evidence for Leave Travel Concessions and Conveyance Allowances. The Court clarified that Section 10(5) provides exemptions to individual employees and that there is no requirement for employers to collect supporting evidence as per Section 192 or any CBDT circular. Consequently, the appeals were dismissed with no order as to costs.