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2012 (9) TMI 234 - AT - Income TaxIncome tax on salary paid by employer – Weather tax paid by foreign employer on salary is eligible u/s 10(10CC) – It’s monetary or non-monetary perquisite - Tax is calculated & paid by employer on behalf of assessee - Held that:- From the Combined reading of section 10(10CC) & 17(2iv), it can be concluded that taxes borne by the employer were obligation, otherwise such payments would have been payable by the assessee. Therefore are exempt under the provisions of section 10(10CC) & non-monetary consideration as decided in the case of RBF Rig Corporation (2007 (11) TMI 334 - ITAT DELHI-F). Decision in favor of assessee
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