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1998 (7) TMI 8 - MADRAS HIGH COURTExtract: .......treated as perquisite but it should be treated as part of salary to which section 40(c) of the Act would be applicable. That is what the Tribunal has held and we see no error in that finding. The answer to all the three questions referred to us are in favour of the Revenue and against the assessee. The Revenue shall be entitled to costs of Rs. 750.
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