https://www.taxtmi.com/caselaws?id=353339 The Tribunal held that the addition of Rs. 1,24,574 as 10% of the overall expenses incurred by the assessee through credit card on behalf of the employer was not justified. The Tribunal found that the expenses were included in the FBT return and reimbursed by the employer, concluding that there was no element of perquisite to be taxed in the hands of the assessee employee. As a result, the Tribunal directed the Assessing Officer to delete the entire addition made in this regard, allowing the appeal of the assessee. en-us Wed, 29 Nov 2017 00:00:00 +0530 Tue, 02 Jan 2018 09:15:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353339 The Tribunal held that the addition of Rs. 1,24,574 as 10% of the overall expenses incurred by the assessee through credit card on behalf of the employer was not justified. The Tribunal found that the expenses were included in the FBT return and reimbursed by the employer, concluding that there was no element of perquisite to be taxed in the hands of the assessee employee. As a result, the Tribunal directed the Assessing Officer to delete the entire addition made in this regard, allowing the appeal of the assessee. Case-Laws Income Tax Wed, 29 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353339