https://www.taxtmi.com/caselaws?id=55878 The case involved the taxability of a payment made to the assessee by the employer. The Income Tax Officer and the Appellate Assistant Commissioner considered the payment taxable as a perquisite connected to services rendered. The assessee argued that the payment, based on personal qualities and achievements, should not be taxed. The tribunal, emphasizing the exceptional nature of the payment and the assessee's accomplishments, ruled in favor of the assessee, declaring the payment non-taxable income under the Income Tax Act. The matter of interest was remanded for further consideration. en-us Thu, 11 Apr 1985 00:00:00 +0530 Tue, 30 Nov 2010 14:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55878 The case involved the taxability of a payment made to the assessee by the employer. The Income Tax Officer and the Appellate Assistant Commissioner considered the payment taxable as a perquisite connected to services rendered. The assessee argued that the payment, based on personal qualities and achievements, should not be taxed. The tribunal, emphasizing the exceptional nature of the payment and the assessee's accomplishments, ruled in favor of the assessee, declaring the payment non-taxable income under the Income Tax Act. The matter of interest was remanded for further consideration. Case-Laws Income Tax Thu, 11 Apr 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55878