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2014 (8) TMI 1147 - ITAT BANGALORETDS u/s 192 - Levy of tax u/s 201(1) and 201(1A) - assessee in default - Assessee while deducting tax at source from salaries, had not considered the perquisite value of the residential accommodation provided by it to its employees - Held that:- In the light of the law on Rule 3 of the IT Rules, 1962 as understood by the Hon’ble Supreme Court in the case of Arun Kumar (2006 (9) TMI 115 - SUPREME Court) the background in which Rule 3 was enacted w.e.f. 1-4-2001 as explained in the CBDT circular referred to earlier, we are of the view that the applicable rule in the case of the Assessee for the purpose of computing perquisite value would be Sl.No.2 of Table-1 of Rule 3 of the IT Rules, 1962. We uphold the order of the CIT(A) and dismiss the appeals by the Assessee.
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