Dismissing the appeal of the assesse the Tribunal held that the gift of car received for doing promotional activities was held to be taxable as professional income , though there was no written agreement for the promotion Gift of watch was also held to be assessable as perquisite .( AY. 2010-11, 2008-09)
Priyanka Chopra ( Ms); DCIT v.( 2018) 169 ITD 144/163 DTR 122 / 192 TTJ 343 (Mum)(Trib)
S. 28(iv): Business income -Benefit or perquisite –Brand ambassador- Gift of car received for doing promotional activities was held to be taxable as professional income .