Law:

Section:

Section 40(a)(v) of the Income-tax Act, 1961 - Business Disallowances - Perquisites to Employees - Assessment years 1968-69 and 1969-70 - Whether, in view of decision in CIT v. Indokem Private Ltd. [1981] 132 ITR 125 (Bom.), commission, car allowance and bonus paid by assessee to its employees were not to be treated as perquisites under section 40(a)(v) - Held, yes Note : The decision was in favour of assessee. CASE REVIEW CIT v. Indokem Pvt. Ltd.[1981] 132 ITR 125 (Bom.)followed and relied upon. CASES REFERRED TO CIT v. Indokem (P.) Ltd. [1981] 132 ITR 125 (Bom.). Dr. V. Balasubramanian, S.H. Kapadia and K.C. Sidhwa for the Applicant. Miss H.R. Doshi for the Respondent. JUDGMENT T.D. Sugla, J.-In this departmental reference relating to the assessee's assessment for the assessment years 1968-69 and 1969-70, the Tribunal has referred to this court…

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