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Taxability as perquisite of Transport facility provided to an employee from his residence to office and vice- versa
Case Law Details
- Case Name
- WNS Global services Pvt. Ltd. Vs ITO (ITAT Mumbai 'G' Bench)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- ITAT Mumbai
RELEVANT PARAGRAPH
8. Having heard both the parties and having considered their rival contentions, let us consider the relevant provisions of law.
[a] We find that the term ‘income’ has been defined in sec.2[24] to include the value of any perquisite or profits in lieu of salary taxable under clauses [2] and [3] of section 17.
[b] Sec.17 defines ‘salary’, ‘perquisites’ and ‘profits in lieu of salary’ and clause [2] thereafter defines the term ‘perquisites’ to include the value of any benefit or amenity granted or provided free of cost...
