1987 (3) TMI 42 - HC - Income Tax

Summary

The High Court of Bombay ruled in favor of the assessee regarding the disallowance of perquisites for foreign technicians under the Income-tax Act, 1961. The court held that the perquisites were not covered by section 40(c)(iii) or section 40(a)(v) due to the provisos exempting salaries below a certain threshold. The decision was based on previous judgments interpreting the provisos uniformly.