https://www.taxtmi.com/caselaws?id=360613 The High Court allowed the Tax Appeal, quashing and setting aside the Tribunal's order for the assessment years in question. The Court held that the contributions made by the appellant were not considered as perquisites in the hands of employees, as they were aimed at covering the deficit of educational expenses for employees' children and not as additional benefits. The Court found that the appellant did not violate relevant provisions of the Income-tax Act and was not liable for tax recovery or interest payments, as contended by the Revenue. en-us Wed, 09 May 2018 00:00:00 +0530 Wed, 19 Aug 2020 15:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360613 The High Court allowed the Tax Appeal, quashing and setting aside the Tribunal's order for the assessment years in question. The Court held that the contributions made by the appellant were not considered as perquisites in the hands of employees, as they were aimed at covering the deficit of educational expenses for employees' children and not as additional benefits. The Court found that the appellant did not violate relevant provisions of the Income-tax Act and was not liable for tax recovery or interest payments, as contended by the Revenue. Case-Laws Income Tax Wed, 09 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360613