https://www.taxtmi.com/caselaws?id=36679 The court held that the car provided to the assessee by his disciples constituted a benefit under section 28(iv) of the Income-tax Act, 1961. Despite arguments that the car was for travel expenses and not personal property, the court ruled that it was a benefit arising from the assessee's vocation of preaching Vedanta and should be taxable. The court determined the car's value of Rs. 16,100 as taxable income. Additionally, the court found that the assessee's activities of giving discourses on Vedanta constituted a profession under section 28(iv), making the receipt of the car a taxable benefit. en-us Fri, 28 Mar 1980 00:00:00 +0530 Wed, 24 Mar 2010 10:08:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36679 The court held that the car provided to the assessee by his disciples constituted a benefit under section 28(iv) of the Income-tax Act, 1961. Despite arguments that the car was for travel expenses and not personal property, the court ruled that it was a benefit arising from the assessee's vocation of preaching Vedanta and should be taxable. The court determined the car's value of Rs. 16,100 as taxable income. Additionally, the court found that the assessee's activities of giving discourses on Vedanta constituted a profession under section 28(iv), making the receipt of the car a taxable benefit. Case-Laws Income Tax Fri, 28 Mar 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36679