TMI Blog1993 (9) TMI 40X X X X Extracts X X X X X X X X Extracts X X X X ..... ax Appellate Tribunal has referred the following two questions of law to this court for opinion: "1. Whether, on the facts and in the circumstances of the case and in law, the Tribunal was justified in its conclusion that the assessee had become the owner of the flat and had occupied it for the purpose of his residence through the convenient medium of the company and that it is not a normal case ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the company. The assessee used to pay a rent of Rs. 650 per month to the abovereferred company for user of the said flat. In the opinion of the Income-tax Officer, the fair rent payable by the assessee in respect of the said flat would work out to Rs. 3,000 per month. In this view of the matter, the Income-tax Officer has computed the perquisite value in respect of the said flat at Rs. 25,000. The ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rned counsel for the Revenue has fairly stated before us that the Tribunal does not appear to be in error in taking the abovereferred factor into consideration while fixing the perquisite value in regard to the said flat. We have also gone through the record carefully and reached the same conclusion. In this view of the matter, question No. 2 referred to us must be answered in the affirmative, i.e ..... X X X X Extracts X X X X X X X X Extracts X X X X
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