https://www.taxtmi.com/caselaws?id=38407 The court ruled in favor of the assessee, holding that the foreign tour expenditure met by the company on the assessee's wife was not liable to be treated as the income of the assessee under section 2(24)(iv) of the Income-tax Act, 1961. The Tribunal concluded that the sum of Rs. 10,662 was not assessable in the assessee's hands, as there was no provision in section 2(24)(iv) to treat the income of a relative of a director as the director's income. The court rejected the revenue's argument that benefits received by a director's relative should be included in the director's income if there was an obligation to pay for such benefits, citing the lack of legal support for such an interpretation. en-us Wed, 10 Aug 1977 00:00:00 +0530 Tue, 06 Apr 2010 10:45:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38407 The court ruled in favor of the assessee, holding that the foreign tour expenditure met by the company on the assessee's wife was not liable to be treated as the income of the assessee under section 2(24)(iv) of the Income-tax Act, 1961. The Tribunal concluded that the sum of Rs. 10,662 was not assessable in the assessee's hands, as there was no provision in section 2(24)(iv) to treat the income of a relative of a director as the director's income. The court rejected the revenue's argument that benefits received by a director's relative should be included in the director's income if there was an obligation to pay for such benefits, citing the lack of legal support for such an interpretation. Case-Laws Income Tax Wed, 10 Aug 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38407