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1992 (6) TMI 1 - KARNATAKA HIGH COURT
Extract:
.......ether while construing the scope of section 17(2)(iii). For the reasons stated above, we are of the view that it was never intended to treat the interest-free loan advanced for house building purposes to the employees as a perquisite under section 17(2)(iii). Consequently, we answer the question referred, in the affirmative and against the Revenue.