https://www.taxtmi.com/caselaws?id=36258 In T.C. No. 865 of 1976, the Tribunal ruled that the free use of a company's car by a director does not constitute a perquisite under the Income-tax Act, 1961. The court emphasized that only authorized benefits provided by the company can be considered as perquisites. Subsequent cases also examined whether certain expenses could be treated as perquisites under the Act, with assessments to be based on the benefits received by the assessee. The Tribunal decided in favor of the revenue in the mentioned cases, directing further evaluation of the quantum and consideration of all relevant facts. en-us Fri, 11 Jan 1980 00:00:00 +0530 Sat, 20 Mar 2010 12:51:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36258 In T.C. No. 865 of 1976, the Tribunal ruled that the free use of a company's car by a director does not constitute a perquisite under the Income-tax Act, 1961. The court emphasized that only authorized benefits provided by the company can be considered as perquisites. Subsequent cases also examined whether certain expenses could be treated as perquisites under the Act, with assessments to be based on the benefits received by the assessee. The Tribunal decided in favor of the revenue in the mentioned cases, directing further evaluation of the quantum and consideration of all relevant facts. Case-Laws Income Tax Fri, 11 Jan 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36258