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of <h1>Tribunal excludes perquisites from Managing Director's income; appeal allowed.</h1> <h3>GHEVERCHAND JAIN. Versus INCOME TAX OFFICER.</h3> GHEVERCHAND JAIN. Versus INCOME TAX OFFICER. - TTJ 037, 585, The appeal was against the addition of perquisites in the form of medical expenses, leave travel assistance, electricity and water charges, and provisions for a chauffeur-driven car to the remuneration received by the appellant as Managing Director of Hotel Banjara. The Tribunal held that since the income was assessed as 'income from other sources', there was no need to add the perquisites. The Tribunal also stated that the perquisites cannot be included while computing income from 'other sources'. The appeal was allowed, and no amount was deemed assessable.
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