https://www.taxtmi.com/caselaws?id=284585 The ITAT ruled in favor of the assessee, holding that medical reimbursement for expenses incurred outside India should not be treated as a perquisite under section 17(2)(iv) of the IT Act. The ITAT emphasized the significance of judicial precedents and directed the Assessing Officer to exclude the reimbursement from tax liability. The decision underscored the hierarchical system of courts and the importance of adhering to established legal principles in tax matters. en-us Fri, 31 May 1996 00:00:00 +0530 Wed, 27 Nov 2019 17:54:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284585 The ITAT ruled in favor of the assessee, holding that medical reimbursement for expenses incurred outside India should not be treated as a perquisite under section 17(2)(iv) of the IT Act. The ITAT emphasized the significance of judicial precedents and directed the Assessing Officer to exclude the reimbursement from tax liability. The decision underscored the hierarchical system of courts and the importance of adhering to established legal principles in tax matters. Case-Laws Income Tax Fri, 31 May 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284585