Taxes paid by the employer is treated as perquisites included in the salary and cannot be consider monetary payment to employee

Last updated: 10 December 2011

Court :
Income Tax Appellate Tribunal

Brief :
On facts and circumstances of the case, whether the learned CIT(A) has erred in allowing exemption u/s 10(10CC), where the facts clearly establish that the tax paid by the company M/s Transocean Offshore Deepwater Drilling Inc. for assessment year 2008-09 was part and parcel salary of Mr. Mark Pankhurst & Mr. Ralph Visser, Agent and therefore, this payment on behalf of the assessee constituted a monetary payment falling outside the purview of section 10(10CC) of the Income-tax Act

Citation :
Assistant Di rector of Income-tax, International……….(Appel lant) V/s. M/s Sundowner Of fshore Internat ional Burmuda Ltd.……..(Respondent )