1990 (3) TMI 105

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..... ding that a sum of Rs. 16,000 received by the appellant from Mordern (Sixteen) Cine Lab. (P) Ltd. (Employee) Welfare Trust is taxable in her hand as perquisite under s. 17(2)(iv) of the IT Act. 2. The appellant craves leave to add, alter, amend and withdraw the Ground of Appeal herein above and to submit such further statements, documents and papers as may be considered necessary either at or b .....

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..... the provisions of s. 17(2) (iv) of the IT Act. 3. The assessee is still aggrieved and has come up in appeal before Tribunal. Shri N.B. Daruwala, learned representative, appeared for the assessee and Shri R. Raju, learned Departmental Representative, appeared for the Revenue. They were heard at length and the submissions were carefully considered. In this regard it is seen that similar issue cam .....

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..... without any specific purpose and the grants can be given to any deserving case and not only to the working director or other family members of the company directors. Keeping in view this finding and also the fact that the amount donated by the employer to the Welfare Trust fund has been disallowed as deduction by the ITO in the assessment of the employer and the employee. The Welfare Trust in thi .....

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