https://www.taxtmi.com/caselaws?id=64558 The Tribunal held that the interest-free loan provided to the assessee by Pure Drinks (New Delhi) (P.) Ltd. constitutes a perquisite under Section 17(2)(iii)(a) of the Income-tax Act. The Tribunal reversed the decision of the Commissioner (Appeals) and ruled that the sum of Rs. 1,19,158 is taxable as the income of the assessee under Section 17(2)(iii) read with Section 2(24)(iii). The appeal by the revenue was allowed, and the Tribunal rejected the applicability of Section 2(24)(iv) in this case. en-us Sat, 03 Jul 1982 00:00:00 +0530 Tue, 08 Feb 2011 15:36:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64558 The Tribunal held that the interest-free loan provided to the assessee by Pure Drinks (New Delhi) (P.) Ltd. constitutes a perquisite under Section 17(2)(iii)(a) of the Income-tax Act. The Tribunal reversed the decision of the Commissioner (Appeals) and ruled that the sum of Rs. 1,19,158 is taxable as the income of the assessee under Section 17(2)(iii) read with Section 2(24)(iii). The appeal by the revenue was allowed, and the Tribunal rejected the applicability of Section 2(24)(iv) in this case. Case-Laws Income Tax Sat, 03 Jul 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64558