https://www.taxtmi.com/caselaws?id=23831 The High Court of Madhya Pradesh affirmed the decision of the Income-tax Appellate Tribunal to include Rs. 3,600 in the income of the assessee under section 28(iv) of the Income-tax Act, 1961. The court held that any benefit or perquisite received by a partner from the firm's business is taxable under the Act. The court ruled against the assessee, directing each party to bear their own costs in the reference. en-us Fri, 15 Sep 1989 00:00:00 +0530 Thu, 14 Jan 2010 15:43:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23831 The High Court of Madhya Pradesh affirmed the decision of the Income-tax Appellate Tribunal to include Rs. 3,600 in the income of the assessee under section 28(iv) of the Income-tax Act, 1961. The court held that any benefit or perquisite received by a partner from the firm's business is taxable under the Act. The court ruled against the assessee, directing each party to bear their own costs in the reference. Case-Laws Income Tax Fri, 15 Sep 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23831