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2008 (1) TMI 208 - BOMBAY HIGH COURTHouse allotted to employee by company – Held that sec. 2(ea)(i)(1), applies not only to Director but other categories mentioned therein and that includes employee as also officer – Tribunal was right in holding that the impugned premises ought to be valued at cost of acquisition in accordance with the second proviso to Rule 3 of Schedule III to the Act vis-a-vis the rent capitalization method – tribunal failed to consider whether exception (3) of 2(ea)(i), is applicable, so matter is remanded
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