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2003 (10) TMI 41 - HC - Income TaxPerquisite under section 17(2)(iii) - free accommodation facility provided by the employer to its employees on board the rig in high seas - held that free boarding and free meals given to the technicians on the rigs cannot constitute a perquisite under section 17(2)(iii) and therefore their value cannot be added to the salary income of the technician. Consequently, the Department cannot levy interest on Hyundai Heavy Industries Co. Ltd. (employer) under section 201/201(1A)
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