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2018 (6) TMI 162 - AT - Income TaxValuing perquisites of the accommodation, provided to employees of the assessee society - Taxability - whether the employees of assessee-society are employees of Central Government or not? - bonafide belief - Held that:- Once the employees of the society are treated as employees of the Central Government for the purpose of evaluating perquisites of rent free accommodation, rules prescribed under clause (i) or clause (ii) of table 1 of rule 3 are to be adopted - in the present case we hold that the employees of the society cannot be equated with the employees of the Central Government - also no factual foundation is laid as to how the assessee has entertained a bona fide belief that its employees can be treated as Central Government employees - therefore, no relief can be granted based on bald assertion without any actual foundation - appeal of assessee is dismissed.
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