https://www.taxtmi.com/caselaws?id=65937 The Tribunal ruled in favor of the assessee, determining that the difference in the price of the car purchased from the employer did not constitute a taxable benefit under section 17(2) of the Income-tax Act, 1961. The Tribunal found that the transaction was commercial in nature and not solely based on employment, leading to the conclusion that the benefit from the sale of the car could not be treated as a perquisite under section 17(2. The appeal was allowed, granting relief of Rs. 6,100 to the assessee. en-us Tue, 26 Oct 1982 00:00:00 +0530 Sat, 19 Feb 2011 13:31:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65937 The Tribunal ruled in favor of the assessee, determining that the difference in the price of the car purchased from the employer did not constitute a taxable benefit under section 17(2) of the Income-tax Act, 1961. The Tribunal found that the transaction was commercial in nature and not solely based on employment, leading to the conclusion that the benefit from the sale of the car could not be treated as a perquisite under section 17(2. The appeal was allowed, granting relief of Rs. 6,100 to the assessee. Case-Laws Income Tax Tue, 26 Oct 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65937