https://www.taxtmi.com/caselaws?id=13234 The High Court ruled in favor of the assesses, determining that scholarship payments made to employees' children by the employer were exempt under section 10(16) of the Income-tax Act, 1961. The court rejected the Department's argument that the payments should be taxed as perquisites under section 17(2)(iii)(c), emphasizing that the scholarship amounts were not received by the assesses themselves but by their children. The court upheld the Tribunal's decision, concluding that the scholarship payments were rightfully excluded from the assesses' income, aligning with the provisions of section 10(16) of the Act. en-us Fri, 16 Dec 2005 00:00:00 +0530 Wed, 27 May 2009 14:53:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13234 The High Court ruled in favor of the assesses, determining that scholarship payments made to employees' children by the employer were exempt under section 10(16) of the Income-tax Act, 1961. The court rejected the Department's argument that the payments should be taxed as perquisites under section 17(2)(iii)(c), emphasizing that the scholarship amounts were not received by the assesses themselves but by their children. The court upheld the Tribunal's decision, concluding that the scholarship payments were rightfully excluded from the assesses' income, aligning with the provisions of section 10(16) of the Act. Case-Laws Income Tax Fri, 16 Dec 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13234