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of <h1>High Court of Bombay rules for assessee on Question 1, no ruling on Question 2, and no costs awarded.</h1> <h3>Commissioner Of Income-Tax Versus Alembic Distributors Limited</h3> The High Court of Bombay ruled in favor of the assessee on Question 1 based on precedent, while Question 2 was not addressed. No costs were awarded in the ... Cash Allowance To Employee, Perquisite The High Court of Bombay was asked to provide opinion on two questions related to Income-tax Act, 1961. Question 1 was answered in favor of the assessee based on a previous court decision. Question 2 was not answered as it was deemed unwarranted. No costs were awarded.
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