https://www.taxtmi.com/caselaws?id=18988 The court held that cash payments made by the employer to employees for residential rent, car usage, and medical expenses should not be treated as perquisites under Section 40A(5) of the Income-tax Act, 1961. The Tribunal correctly deleted the disallowance of these cash payments. However, the court found that royalty payments to foreign collaborators for export sales were not entitled to a weighted deduction under Section 35B as they did not meet the specified criteria. The court ruled in favor of the assessee regarding the cash payments but against them concerning the royalty payments, with no costs awarded. en-us Wed, 22 Feb 1995 00:00:00 +0530 Tue, 03 Nov 2009 12:20:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18988 The court held that cash payments made by the employer to employees for residential rent, car usage, and medical expenses should not be treated as perquisites under Section 40A(5) of the Income-tax Act, 1961. The Tribunal correctly deleted the disallowance of these cash payments. However, the court found that royalty payments to foreign collaborators for export sales were not entitled to a weighted deduction under Section 35B as they did not meet the specified criteria. The court ruled in favor of the assessee regarding the cash payments but against them concerning the royalty payments, with no costs awarded. Case-Laws Income Tax Wed, 22 Feb 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18988