https://www.taxtmi.com/caselaws?id=268403 The Court upheld the decision of the ITAT, ruling in favor of the Assessee and dismissing the appeal by the Revenue. It was held that the free inter-airline tickets received by the employees of the Assessee from other airlines did not constitute a perquisite from the Assessee, leading to the deletion of the addition made by the Assessing Officer. The judgment emphasizes the importance of correctly interpreting the term "perquisite" under the Income Tax Act and the necessity of establishing a clear nexus between the benefit received and the employer to determine tax liability. en-us Mon, 16 Nov 2015 00:00:00 +0530 Tue, 07 Jun 2016 16:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268403 The Court upheld the decision of the ITAT, ruling in favor of the Assessee and dismissing the appeal by the Revenue. It was held that the free inter-airline tickets received by the employees of the Assessee from other airlines did not constitute a perquisite from the Assessee, leading to the deletion of the addition made by the Assessing Officer. The judgment emphasizes the importance of correctly interpreting the term "perquisite" under the Income Tax Act and the necessity of establishing a clear nexus between the benefit received and the employer to determine tax liability. Case-Laws Income Tax Mon, 16 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268403