https://www.taxtmi.com/caselaws?id=19851 The court held that the benefit of Rs. 3 lakhs accrued to the assessee and was taxable under section 2(24)(iv) of the Income-tax Act, 1961. It concluded that the Tribunal erred in deleting this addition but was correct in deleting Rs. 1 lakh, partially applying the provision. Furthermore, the court clarified that the benefit derived by the assessee's relatives cannot be treated as a benefit derived by the assessee, citing relevant case law precedents. en-us Wed, 09 Mar 1994 00:00:00 +0530 Tue, 13 Sep 2016 17:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19851 The court held that the benefit of Rs. 3 lakhs accrued to the assessee and was taxable under section 2(24)(iv) of the Income-tax Act, 1961. It concluded that the Tribunal erred in deleting this addition but was correct in deleting Rs. 1 lakh, partially applying the provision. Furthermore, the court clarified that the benefit derived by the assessee's relatives cannot be treated as a benefit derived by the assessee, citing relevant case law precedents. Case-Laws Income Tax Wed, 09 Mar 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19851