1991 (3) TMI 109 - HC - Income Tax

Summary

The High Court of Bombay delivered a judgment in a departmental reference related to the assessment of the assessee for the years 1968-69 and 1969-70. The court answered the question of law regarding the treatment of commission, car allowance, and bonus paid to employees as perquisites under section 40(a)(v) of the Income-tax Act, 1961 in favor of the assessee, citing a previous judgment. No costs were awarded. (Case citation: 1991 (3) TMI 109 - BOMBAY High Court)