https://www.taxtmi.com/caselaws?id=65183 The Tribunal held that the reassessment under s. 147(b) was invalid as it was not based on new information, leading to the allowance of the appeal. Regarding the tax liability borne by the employer as a perquisite, the Tribunal granted exemption under s. 10(6)(viia) to the assessee, stating that the tax paid by the employer fell within the exemption criteria. The appeal was allowed based on the entitlement to exemption under s. 10(6)(viia), affirming the assessee's right to exemption. en-us Mon, 21 Dec 1992 00:00:00 +0530 Tue, 22 Feb 2011 12:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65183 The Tribunal held that the reassessment under s. 147(b) was invalid as it was not based on new information, leading to the allowance of the appeal. Regarding the tax liability borne by the employer as a perquisite, the Tribunal granted exemption under s. 10(6)(viia) to the assessee, stating that the tax paid by the employer fell within the exemption criteria. The appeal was allowed based on the entitlement to exemption under s. 10(6)(viia), affirming the assessee's right to exemption. Case-Laws Income Tax Mon, 21 Dec 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65183