https://www.taxtmi.com/caselaws?id=22114 The High Court ruled in favor of the Revenue, upholding the deletion of Rs. 88,911 under section 40A(5) by the Tribunal. The Court emphasized the strict application of tax provisions over equitable considerations, stating that the computation of perquisites under section 40A(5) should not be based on rule 3 of the Income-tax Rules. The judgment was delivered by S. C. Mohapatra, with agreement from S. K. Mohanty. en-us Mon, 12 Aug 1991 00:00:00 +0530 Mon, 07 Dec 2009 11:47:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22114 The High Court ruled in favor of the Revenue, upholding the deletion of Rs. 88,911 under section 40A(5) by the Tribunal. The Court emphasized the strict application of tax provisions over equitable considerations, stating that the computation of perquisites under section 40A(5) should not be based on rule 3 of the Income-tax Rules. The judgment was delivered by S. C. Mohapatra, with agreement from S. K. Mohanty. Case-Laws Income Tax Mon, 12 Aug 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22114