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2003 (11) TMI 60 - UTTARANCHAL HIGH COURTBy this writ petition the petitioners, namely, National Federation of Insurance Field Workers of India have, challenged the Notification dated September 25, 2001, issued by the CBDT - the Legislature has left it to the Central Board of Direct Taxes to define the benefit or amenity and to assign it a value so that the latter could form part of the total income. Hence, there is no merit in the argument advanced on behalf of the assessee that interest free loan/concessional loan has no co-relation with the word "salary" and that the Legislature has not indicated any policy while enacting section 17(2)(vi) and that the Central Board of Direct Taxes had usurped the legislative function of Parliament in enacting the impugned rules – Held that Notification dated September 25, 2001 is valid
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