There is no separate identity given to "perquisites" for purpose of section 192 of IT Act, 1961

RELEVANT PARAGRAPHS: 29. Now we will take the ground taken by the assessee raising the grievance of the perquisite of Rs. 90,40,880/-. 30. In our opinion, the assessee must succeed on his Ground. There is no dispute about the fact that the assessee being an employer made the valuation of the perquisite provided to Mr. Brian Brown at Rs. 90,40,880/-. The definition of the salary is given in section 17 of the Act and as per the said definition salary includes perquisites. The perquisites in its normal meaning means direct and indirect benefits enjoyed or derived by the employee from his employer...