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2014 (1) TMI 134 - ALLAHABAD HIGH COURTPerquisite value of the house allotted - Held that:- The assessee was not drawing any salary from the Company and other Directors were being paid salary of Rs. 10,000/- per month - There is nothing on record to show that annual letting value of the house in the neighbourhood is higher than what has had been fixed for the house provided by the Company to the assessee - Only house tax payable for the rent free accommodation has been mentioned at Rs. 540/- per annum - The value of the rent free accommodation cannot be fixed without considering the materials on record and the circumstances of the case - Decided against Revenue.
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