Cash HRA payments not 'perquisite' under Income-tax Act

The High Court of Bombay held that cash payments for house rent allowance to employees by the assessee are not considered 'perquisite' under section 40(a)(v) of the Income-tax Act, 1961, following precedent, ruling in favor of the assessee.

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The High Court of Bombay ruled that cash payments by the assessee to its employees for house rent allowance do not fall under the category of 'perquisite' as per section 40(a)(v) of the Income-tax Act, 1961. The decision was based on previous court rulings and was in favor of the assessee.

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