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2003 (11) TMI 35 - HC - Income TaxWhether Tribunal was right in holding that the foreign travel expenses incurred on behalf of the assessee by the company in which her husband is the managing director cannot be assessed in the hands of the assessee under section 2(24)(iv)? - The assessee having received a benefit from the company which had no obligation to provide such a benefit to her but had done so gratuitously, the value of the benefit so received by the assessee is required to be treated as part of her income. – Thus, question referred to us is, answered in favour of the Revenue and against the assessee.
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