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TMI Blog1996 (7) TMI 137X X X X Extracts X X X X X X X X Extracts X X X X ..... e Income-tax Appellate Tribunal, Amritsar, under section 256(1) of the Income-tax Act, 1961 (hereinafter referred to as "the Act") : " (1) Whether, on the facts and in the circumstances of the case, the Tribunal was right in confirming the disallowance of Rs. 6,561 made under section 40(c) of the Income-tax Act, 1961 ? (2) Whether, on the facts and in the circumstances of the case, the Tribuna ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er, 1977. The total amount paid to Shri B. K. Sardana, including medical expenses amounting to Rs. 6,885, during the previous year relevant to the assessment year 1978-79 was to the tune of Rs. 63,131. The Assessing Officer excluded the sum of Rs. 2,570 paid on account of the Employees' Provident Fund from the aggregate amount of Rs. 63,131 and thereafter allowed the amount admissible under sectio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... director. The term "perquisite" came to be examined by the Supreme Court in CIT v. Indian Engineering and Commercial Corporation P. Ltd. [1993] 201 ITR 723. There, certain money was paid in cash to the directors in addition to their salary, by way of commission at a percentage on the sales. The Tribunal held that the commission was not a "perquisite". The view taken by the Tribunal was upheld. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lowance and medical reimbursement. The question arising in the appeal preferred against the order of the Bombay High Court related to the cash payments made by the assessee to its directors by way of house rent allowance, conveyance allowance, furniture allowance, etc. Since the controversy stands finally settled that the reimbursement of medical expenses by the company to the director was not i ..... X X X X Extracts X X X X X X X X Extracts X X X X
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