https://www.taxtmi.com/caselaws?id=59034 The Tribunal upheld the CIT (A)'s decision, dismissing the Revenue's appeal. The Tribunal held that cash payments made to employees for certain liabilities should not be treated as perquisites under section 40A(5) of the IT Act. The dispute revolved around whether cash allowances like conveyance allowance, servants' wages, house rent allowance, and medical expenses reimbursement should be considered as perquisites. The Tribunal considered various court decisions and concluded in favor of the assessee, rejecting the Revenue's arguments. en-us Tue, 27 Mar 1984 00:00:00 +0530 Thu, 23 Dec 2010 16:31:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59034 The Tribunal upheld the CIT (A)'s decision, dismissing the Revenue's appeal. The Tribunal held that cash payments made to employees for certain liabilities should not be treated as perquisites under section 40A(5) of the IT Act. The dispute revolved around whether cash allowances like conveyance allowance, servants' wages, house rent allowance, and medical expenses reimbursement should be considered as perquisites. The Tribunal considered various court decisions and concluded in favor of the assessee, rejecting the Revenue's arguments. Case-Laws Income Tax Tue, 27 Mar 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59034