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1989 (2) TMI 46 - HC - Income TaxExtract: .......iver receives. The value of the perquisite of free car, therefore, provided to the employees in the instant case would be Rs. 150 per month per employee in accordance with rule 3(c)(ii) and the disallowance under section 40(c)(iii) would be worked out accordingly. This reference is answered accordingly. There will, however, be no order as to costs.
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