https://www.taxtmi.com/caselaws?id=123041 The Tribunal allowed the appeals, determining that the tax paid by the employer for the employee qualifies as a non-monetary perquisite exempt under section 10(10CC) of the Income-tax Act. It ruled that interest under section 234B was not applicable due to a bona fide dispute regarding TDS. The challenge against penalty proceedings under section 271(1)(c) was dismissed as not pressed. The Assessing Officer was instructed to adjust the assessment orders accordingly. en-us Wed, 09 Jun 2010 00:00:00 +0530 Thu, 30 Aug 2012 13:04:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123041 The Tribunal allowed the appeals, determining that the tax paid by the employer for the employee qualifies as a non-monetary perquisite exempt under section 10(10CC) of the Income-tax Act. It ruled that interest under section 234B was not applicable due to a bona fide dispute regarding TDS. The challenge against penalty proceedings under section 271(1)(c) was dismissed as not pressed. The Assessing Officer was instructed to adjust the assessment orders accordingly. Case-Laws Income Tax Wed, 09 Jun 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123041