https://www.taxtmi.com/caselaws?id=70177 The Tribunal set aside the Assistant Commissioner's orders and directed a fresh disposal of the appeals, instructing to consider the plea regarding the quantum of perquisite in light of the securities offered by the directors. The Tribunal disagreed with the view that directors were obligated to provide personal and family property security, emphasizing the absence of a legal obligation. The appeals were treated as allowed in part for statistical purposes, highlighting the need to reassess the perquisite amount in consideration of the securities provided. en-us Mon, 09 Jul 1979 00:00:00 +0530 Thu, 14 Apr 2011 17:12:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70177 The Tribunal set aside the Assistant Commissioner's orders and directed a fresh disposal of the appeals, instructing to consider the plea regarding the quantum of perquisite in light of the securities offered by the directors. The Tribunal disagreed with the view that directors were obligated to provide personal and family property security, emphasizing the absence of a legal obligation. The appeals were treated as allowed in part for statistical purposes, highlighting the need to reassess the perquisite amount in consideration of the securities provided. Case-Laws Income Tax Mon, 09 Jul 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70177