1989 (12) TMI 109 - AT - Income Tax

Summary

The appeal was against the addition of perquisites in the form of medical expenses, leave travel assistance, electricity and water charges, and provisions for a chauffeur-driven car to the remuneration received by the appellant as Managing Director. The Tribunal held that the remuneration should be assessed under 'income from other sources' and perquisites cannot be added. The appeal was allowed.