1981 (7) TMI 30

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..... nd in the circumstances of the case, the Tribunal erred in law in holding that motor car allowance was not a perquisite within the meaning of s. 40(c)(iii) merely because it was paid in cash and, therefore, the ceiling in s. 40(c)(iii) could not apply to it ? 2. Whether, on the facts and in the circumstances of the case, the Tribunal erred in law in holding that the assessee-company was a manufa .....

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..... ing 35% rebate in the corporate tax on the ground that the assessee manufactures automobile ancillaries. There is no specific discussion in the assessment order on this point and the AAC allowed the assessee's claim for reasons mentioned by him in paragraph 21 of his order. The relief was given by the AAC in view of item No. 21 in Part III of the list of articles and things in the Schedule to the .....

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