1986 (7) TMI 14 - HC - Income Tax

Summary

The High Court of Calcutta ruled in favor of the assessee, holding that certain allowances and expenses did not fall within the definition of "benefit, amenity, or perquisite" under section 40(c)(iii) of the Income-tax Act, 1961. The decision was based on previous court rulings and there were no costs awarded. The judgment was agreed upon by both judges, Mrs. Monjula Bose and Dipak Kumar Sen.