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2009 (7) TMI 50 - HC - Income TaxIncome from salary - Perquisites – Exemption u/s 10(10CC) – Tax paid by the employer on behalf of assessee – assessee claimed the exemption from perquisites in the Return – AO denied the claim - The larger bench of ITAT has taken the view that the tax paid by the employer on behalf of the employees, was not a perquisite in the nature of monetary perquisite to its employees, and as such assessees are entitled to exemption under Section 10 (10CC) of the Act – matter remitted to tribunal for re-consideration in view of larger bench decision
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