https://www.taxtmi.com/caselaws?id=347712 The judgment upheld the exemption of tax paid by the employer on salaries of employees from the income of employees under section 10(10CC) of the Act. The decision clarified that such payment qualifies as a perquisite under section 17(2)(iv) and is to be excluded from the employees' income. The court ruled that although the tax payment by the employer is monetary, it is a non-monetary perquisite exempt under section 10(10CC) of the Act, based on previous judgments and legislative history. The appeal of the assessee was allowed based on the judgment of the Hon'ble Uttarakhand High Court. en-us Fri, 01 Sep 2017 00:00:00 +0530 Sat, 09 Sep 2017 09:18:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347712 The judgment upheld the exemption of tax paid by the employer on salaries of employees from the income of employees under section 10(10CC) of the Act. The decision clarified that such payment qualifies as a perquisite under section 17(2)(iv) and is to be excluded from the employees' income. The court ruled that although the tax payment by the employer is monetary, it is a non-monetary perquisite exempt under section 10(10CC) of the Act, based on previous judgments and legislative history. The appeal of the assessee was allowed based on the judgment of the Hon'ble Uttarakhand High Court. Case-Laws Income Tax Fri, 01 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347712