https://www.taxtmi.com/caselaws?id=198063 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 96.26 lakhs under sections 17(2)(iii) and 28(iv) of the Income Tax Act for the assessment year 2009-10. The Tribunal found that the assessing officer's presumption of the assessee benefiting from a property purchase lacked evidence of additional payment, and the absence of an employer-employee relationship precluded taxation under sec. 17(2)(iii) and sec. 28(iv). The judgment highlighted the importance of a legal basis for income assessment and the necessity of a clear employer-employee relationship for tax implications on salary and benefits. en-us Wed, 08 Jul 2015 00:00:00 +0530 Mon, 22 Jan 2018 14:35:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198063 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 96.26 lakhs under sections 17(2)(iii) and 28(iv) of the Income Tax Act for the assessment year 2009-10. The Tribunal found that the assessing officer's presumption of the assessee benefiting from a property purchase lacked evidence of additional payment, and the absence of an employer-employee relationship precluded taxation under sec. 17(2)(iii) and sec. 28(iv). The judgment highlighted the importance of a legal basis for income assessment and the necessity of a clear employer-employee relationship for tax implications on salary and benefits. Case-Laws Income Tax Wed, 08 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198063