2003 (8) TMI 8

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..... e Assessing Officer to revise the demand created in respect of short payment of TDS and interest thereon?" - Commissioner of Income-tax, Jaipur, has filed the instant application, seeking direction to the Income-tax Appellate Tribunal to refer the aforesaid question for the opinion of this court - The conveyance allowance is in the nature of compensatory allowance and, therefore, is not a perquisi .....

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..... inancial year 1990-91 relevant to the assessment year 1991-92. The Assessing Officer considered the conveyance allowance as part of the income of the employees, imposed additional tax on the principal officer of the Board; and levied interest under section 201(1A) of the Income-tax Act, on it. Aggrieved by the order passed by the Assessing Officer, the respondent filed an appeal before the Commiss .....

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..... sessee to its employees was not a perquisite under section 17(2) of the Income-tax Act, 1961, and consequently directing the Assessing Officer to revise the demand created in respect of short payment of TDS and interest thereon?" The Tribunal, while declining the application, opined that no referable question of law arises from the order dated May 19,1998. Aggrieved by the order dated May 19, 19 .....

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