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2003 (4) TMI 27 - BOMBAY HIGH COURTWhether, on the facts and in the circumstances of the case, the Tribunal was right in law in holding that the expenditure incurred on repairs, maintenance and insurance to the assessee's owned accommodation provided to the employees is not perquisites within the meaning of section 40A(5) of the Income-tax Act? - The building in which the employees reside has been insured. The premium paid is an expenditure incurred by the assessee in respect of the building owned by the assessee. The building is the asset of the assessee. Therefore, the expenditure incurred in insuring the building is a perquisite
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