1985 (5) TMI 16 - HC - Income Tax

Summary

The High Court of Calcutta ruled that payments made by the assessee to employees for medical bill reimbursement did not constitute a benefit or perquisite under section 40(c)(iii) of the Income-tax Act, 1961. The decision was based on previous rulings by other High Courts supporting this interpretation. The question was answered in favor of the assessee, with no order as to costs. (Case citation: 1985 (5) TMI 16 - CALCUTTA High Court)