https://www.taxtmi.com/caselaws?id=29622 The court held that the tax borne by the employer, including tax on tax, constitutes "salary" for determining the value of rent perquisite under the Income Tax Act, 1961. However, the reassessment proceedings initiated under Section 147(b) were deemed invalid as the information relied upon did not constitute fresh information but mere opinions, leading to a judgment in favor of the assessee against the revenue. en-us Mon, 06 Apr 1981 00:00:00 +0530 Mon, 15 Mar 2010 11:48:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29622 The court held that the tax borne by the employer, including tax on tax, constitutes "salary" for determining the value of rent perquisite under the Income Tax Act, 1961. However, the reassessment proceedings initiated under Section 147(b) were deemed invalid as the information relied upon did not constitute fresh information but mere opinions, leading to a judgment in favor of the assessee against the revenue. Case-Laws Income Tax Mon, 06 Apr 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29622