https://www.taxtmi.com/circulars?id=9352 Where an employer pays or reimburses insurance premia for loss of a pilot's licence, that payment is a perquisite and taxable in the pilot's hands; compensation received for loss of licence is also taxable. Completed assessments need not be reopened to tax such perquisites, and earlier contrary guidance is modified. en-us Tue, 29 Jul 1980 00:00:00 +0530 Sat, 04 Jun 2011 13:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9352 Where an employer pays or reimburses insurance premia for loss of a pilot's licence, that payment is a perquisite and taxable in the pilot's hands; compensation received for loss of licence is also taxable. Completed assessments need not be reopened to tax such perquisites, and earlier contrary guidance is modified. Circulars Income Tax Tue, 29 Jul 1980 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9352