https://www.taxtmi.com/caselaws?id=16287 The High Court ruled in favor of the assessee in a case concerning the interpretation of remittance inclusion in income under the Income-tax Act, 1961. The court held that the Explanation added to section 9(1)(ii) cannot have retrospective effect. Additionally, the court decided that housing and motor car expenses should not be treated as perquisites, aligning with previous judgments. As a result, both issues were resolved in favor of the assessee, and the court made no order as to costs. en-us Wed, 17 Jun 1998 00:00:00 +0530 Sat, 05 Sep 2009 16:25:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16287 The High Court ruled in favor of the assessee in a case concerning the interpretation of remittance inclusion in income under the Income-tax Act, 1961. The court held that the Explanation added to section 9(1)(ii) cannot have retrospective effect. Additionally, the court decided that housing and motor car expenses should not be treated as perquisites, aligning with previous judgments. As a result, both issues were resolved in favor of the assessee, and the court made no order as to costs. Case-Laws Income Tax Wed, 17 Jun 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16287