1995 (9) TMI 4

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..... by the Tribunal under section 66(1) of Indian Income-tax Act, 1922, was : "Whether, on the facts and in the circumstances of the case, the Appellate Tribunal was right in law in deleting the additions made under section 2(6C)(iii) of the Indian Income-tax Act, 1922,and under section 40(c) of the Income-tax Act, 1961 ?" The assessee was the managing agent of a particular company. The company had .....

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..... or perquisite, whether convertible into money or not, obtained from a company either by a director or by any other person who has a substantial interest in the company (that is to say, who is concerned in the management of the business of the company, being the beneficial owner of shares, not being shares entitled to a fixed rate of dividend whether with or without a right to participate in profi .....

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