https://www.taxtmi.com/caselaws?id=70363 The Tribunal upheld the Commissioner (Appeals)'s decision, confirming the addition of the value of perquisite for the director's personal use of company cars to the assessee's income. The Tribunal found the use of company cars as a taxable perquisite under the Income-tax Act, emphasizing that the company's lack of objection and the absence of prohibitive clauses in the articles of association indicated authorization. The Tribunal rejected the argument of unauthorized use, noting the historical acceptance of similar assessments by the assessee and dismissed the appeal, affirming the lower court's order. en-us Wed, 28 Mar 1984 00:00:00 +0530 Fri, 15 Apr 2011 17:36:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70363 The Tribunal upheld the Commissioner (Appeals)'s decision, confirming the addition of the value of perquisite for the director's personal use of company cars to the assessee's income. The Tribunal found the use of company cars as a taxable perquisite under the Income-tax Act, emphasizing that the company's lack of objection and the absence of prohibitive clauses in the articles of association indicated authorization. The Tribunal rejected the argument of unauthorized use, noting the historical acceptance of similar assessments by the assessee and dismissed the appeal, affirming the lower court's order. Case-Laws Income Tax Wed, 28 Mar 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70363