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2003 (4) TMI 69 - HC - Income Tax"Whether Tribunal was justified in upholding the order of the Commissioner of Income-tax (Appeals) taking the view that the medical expenditure amounting to Rs. 5,20,230 reimbursed to the assessee being in the employment of National Engineering Industries Ltd., Jaipur, was not treatable as a perquisite in the hands of the assessee under section 17 of the Income-tax Act, 1961?" - we are of the opinion that the Tribunal has committed error in not considering the reimbursement of Rs. 5,20,230 as perquisite in the light of the circular referred to above. - In the result, we answer the question in the negative, i.e., in favour of the Revenue and against the assessee.
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