https://www.taxtmi.com/caselaws?id=11193 The High Court ruled in favor of the Revenue, upholding the taxability of foreign travel expenses paid by a company for the assessee under section 2(24)(iv) of the Income-tax Act. The court found that the expenses constituted a gratuitous payment from the company to the assessee, falling within the scope of the Income-tax Act. The court held that the Revenue could assess the amount as income in the hands of the assessee, despite being allowed as a deduction for the company, emphasizing the lack of commercial expediency in the payment. en-us Wed, 19 Nov 2003 00:00:00 +0530 Sun, 02 May 2010 23:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11193 The High Court ruled in favor of the Revenue, upholding the taxability of foreign travel expenses paid by a company for the assessee under section 2(24)(iv) of the Income-tax Act. The court found that the expenses constituted a gratuitous payment from the company to the assessee, falling within the scope of the Income-tax Act. The court held that the Revenue could assess the amount as income in the hands of the assessee, despite being allowed as a deduction for the company, emphasizing the lack of commercial expediency in the payment. Case-Laws Income Tax Wed, 19 Nov 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11193