https://www.taxtmi.com/caselaws?id=66348 Remuneration received by a Managing Director was treated as income from other sources, but alleged perquisites could not be added while computing that head of income. The text states that benefits falling within section 17(2) or section 28(iv) are relevant only where the Act permits inclusion under the appropriate head, and no basis exists to add perquisites to income from other sources. It further notes that reimbursements of expenditure, if considered taxable, would ordinarily attract a corresponding deduction under section 57. The assessed income was therefore confined to income from other sources without the impugned perquisite addition. en-us Tue, 26 Dec 1989 00:00:00 +0530 Wed, 23 Feb 2011 16:58:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66348 Remuneration received by a Managing Director was treated as income from other sources, but alleged perquisites could not be added while computing that head of income. The text states that benefits falling within section 17(2) or section 28(iv) are relevant only where the Act permits inclusion under the appropriate head, and no basis exists to add perquisites to income from other sources. It further notes that reimbursements of expenditure, if considered taxable, would ordinarily attract a corresponding deduction under section 57. The assessed income was therefore confined to income from other sources without the impugned perquisite addition. Case-Laws Income Tax Tue, 26 Dec 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66348