Case Law Details
Case Name : Triton Holdings Ltd. Vs Dy. Director of Income Tax, Deharadun (ITAT Delhi)
Appeal Number : ITA Nos. 2541 to 2559/Del/2009
Date of Judgement/Order :
Related Assessment Year :
Courts :
All ITAT ITAT Delhi
Sponsored
The Income-tax Appellate Tribunal, Delhi held that the tax paid by employer on the behalf of employees should be considered as a non-monetary perquisite in the hands of the employees for the purpose of claiming an exemption under section 10(10CC) of the Income-tax Act, 1961 (‘the Act’).
Facts of the case
- M/s Triton Holdings Limited (‘the employer’) paid income-tax on the behalf of its employees on the salary payment to them (‘tax perquisite’).
- In the return of income filed by the employees, the tax perquisite was considered as a non-monetary perquisite and accordingly, an exemption was claimed u/s 10(10CC) of the Act in respect of the same.
Please become a Premium member. If you are already a Premium member, login here to access the full content.
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.