https://www.taxtmi.com/caselaws?id=66722 The Appellate Tribunal ITAT Hyderabad-B ruled that cash payments made to employees as per their contract of service did not qualify as perquisites under the Income Tax Act, sections 40(c)(iii) or 40(a)(v). Various allowances like house rent, entertainment, city, city compensatory, and car allowances, being cash payments, were also not considered as perquisites. As a result, the appeals by the assessee were allowed, and the departmental appeals were dismissed for the assessment years 1965-66, 1968-69, 1969-70, and 1971-72. en-us Mon, 10 Jan 1977 00:00:00 +0530 Sat, 05 Mar 2011 18:34:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66722 The Appellate Tribunal ITAT Hyderabad-B ruled that cash payments made to employees as per their contract of service did not qualify as perquisites under the Income Tax Act, sections 40(c)(iii) or 40(a)(v). Various allowances like house rent, entertainment, city, city compensatory, and car allowances, being cash payments, were also not considered as perquisites. As a result, the appeals by the assessee were allowed, and the departmental appeals were dismissed for the assessment years 1965-66, 1968-69, 1969-70, and 1971-72. Case-Laws Income Tax Mon, 10 Jan 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66722