1996 (7) TMI 137

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.....--The following questions have been referred for opinion by the Income-tax Appellate Tribunal, Amritsar, under section 256(1) of the Income-tax Act, 1961 (hereinafter referred to as "the Act") : " (1) Whether, on the facts and in the circumstances of the case, the Tribunal was right in confirming the disallowance of Rs. 6,561 made under section 40(c) of the Income-tax Act, 1961 ? (2) Whether, o....

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....na. The said managing director died in the month of September, 1977. The total amount paid to Shri B. K. Sardana, including medical expenses amounting to Rs. 6,885, during the previous year relevant to the assessment year 1978-79 was to the tune of Rs. 63,131. The Assessing Officer excluded the sum of Rs. 2,570 paid on account of the Employees' Provident Fund from the aggregate amount of Rs. 63,13....

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....ture of benefit or amenity provided by the company to the director. The term "perquisite" came to be examined by the Supreme Court in CIT v. Indian Engineering and Commercial Corporation P. Ltd. [1993] 201 ITR 723. There, certain money was paid in cash to the directors in addition to their salary, by way of commission at a percentage on the sales. The Tribunal held that the commission was not a "....