https://www.taxtmi.com/caselaws?id=62834 The Tribunal upheld the decision to delete the addition of Rs. 6,66,776 as income under section 28(iv) of the Income-tax Act, 1961. It was determined that the car provided by a non-resident firm was intended for official use, not personal use or ownership by the assessee. As the car was eventually re-exported due to defects without benefit derived by the assessee, the inclusion of the amount as income was deemed unwarranted. The departmental appeal was rejected. en-us Thu, 29 Sep 1988 00:00:00 +0530 Sat, 22 Jan 2011 11:31:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62834 The Tribunal upheld the decision to delete the addition of Rs. 6,66,776 as income under section 28(iv) of the Income-tax Act, 1961. It was determined that the car provided by a non-resident firm was intended for official use, not personal use or ownership by the assessee. As the car was eventually re-exported due to defects without benefit derived by the assessee, the inclusion of the amount as income was deemed unwarranted. The departmental appeal was rejected. Case-Laws Income Tax Thu, 29 Sep 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62834