https://www.taxtmi.com/caselaws?id=14956 The court ruled in favor of the assessee, affirming the Tribunal's decision to value the perquisite of a free imported car with a chauffeur provided to a director at Rs. 6,600 for both assessment years. The judgment clarified that the valuation rules applicable to employees could also be extended to directors who are not employees of the company, emphasizing the importance of essential details and standard valuation methods prescribed by the rule in such cases. en-us Wed, 06 Oct 1999 00:00:00 +0530 Mon, 27 Jul 2009 12:52:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14956 The court ruled in favor of the assessee, affirming the Tribunal's decision to value the perquisite of a free imported car with a chauffeur provided to a director at Rs. 6,600 for both assessment years. The judgment clarified that the valuation rules applicable to employees could also be extended to directors who are not employees of the company, emphasizing the importance of essential details and standard valuation methods prescribed by the rule in such cases. Case-Laws Income Tax Wed, 06 Oct 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14956