https://www.taxtmi.com/caselaws?id=21832 The High Court of Bombay ruled in favor of the assessee, holding that certain payments made by the company to its employees were not 'perquisites' for the purpose of disallowances under section 40A(5) of the Income-tax Act, 1961 for the assessment year 1973-74. This decision aligned with a prior judgment in the assessee's favor, with no costs awarded. en-us Tue, 19 Mar 1991 00:00:00 +0530 Tue, 01 Dec 2009 18:24:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21832 The High Court of Bombay ruled in favor of the assessee, holding that certain payments made by the company to its employees were not 'perquisites' for the purpose of disallowances under section 40A(5) of the Income-tax Act, 1961 for the assessment year 1973-74. This decision aligned with a prior judgment in the assessee's favor, with no costs awarded. Case-Laws Income Tax Tue, 19 Mar 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21832