https://www.taxtmi.com/caselaws?id=180592 The Tribunal ruled in favor of the individual in an appeal concerning the assessment year 1986-87. Regarding the determination of perquisites related to the company car and driver, the Tribunal held that the salary reimbursement for the driver should be bifurcated, with the portion related to office use not being added to the individual's income. Additionally, concerning the allowability of interest on loans taken to repay earlier loans used for advancing loans, the Tribunal directed the Assessing Officer to allow the interest deduction if the second borrowing was solely used to repay the original loans. en-us Fri, 21 Aug 1998 00:00:00 +0530 Wed, 30 Mar 2016 12:47:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180592 The Tribunal ruled in favor of the individual in an appeal concerning the assessment year 1986-87. Regarding the determination of perquisites related to the company car and driver, the Tribunal held that the salary reimbursement for the driver should be bifurcated, with the portion related to office use not being added to the individual's income. Additionally, concerning the allowability of interest on loans taken to repay earlier loans used for advancing loans, the Tribunal directed the Assessing Officer to allow the interest deduction if the second borrowing was solely used to repay the original loans. Case-Laws Income Tax Fri, 21 Aug 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180592