Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2005 (12) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2005 (12) TMI 68 - HC - Income TaxConcessional accommodation facility provided by the employer to its employees – perquisite - Whether, Tribunal was legally, justified in holding that no perquisite arose on account of concessional accommodation facility provided by the employer to its employees and the Assessing Officer was not justified in charging interest under section 201/201(1A)?" - the question of concession must be determined with reference to the nature of the accommodation provided, the normal rent payable in respect of such accommodation by other employees similarly situated and the actual rent paid by the assessee-employee concerned - income-tax was not leviable on the notional perquisite value of the accommodation. - we confirm the order of the Income-tax Appellate Tribunal
|