https://www.taxtmi.com/caselaws?id=210032 The court found that the assessee had short deducted tax at source and was liable for the shortfall and interest under sections 201(1) and 201(1A) of the Income-tax Act, 1961. The Tribunal's method of valuing the perquisite by considering both direct and indirect costs was upheld. The matter was remanded to the Assessing Officer for recomputation, and the appeals by both the revenue and the assessee were disposed of accordingly. en-us Mon, 11 Jul 2011 00:00:00 +0530 Fri, 05 Jul 2013 09:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210032 The court found that the assessee had short deducted tax at source and was liable for the shortfall and interest under sections 201(1) and 201(1A) of the Income-tax Act, 1961. The Tribunal's method of valuing the perquisite by considering both direct and indirect costs was upheld. The matter was remanded to the Assessing Officer for recomputation, and the appeals by both the revenue and the assessee were disposed of accordingly. Case-Laws Income Tax Mon, 11 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210032