1989 (2) TMI 46

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....estion of law referred for the opinion of this court reads as under : "Whether, on the facts and in the circumstances of the case, the Appellate Tribunal has been right in law in directing the Income-tax Officer to calculate the value of the perquisite with reference to rule 3 of the Income-tax Rules, 1962 ?" The question referred has clearly to be answered in the affirmative, in favour of the a....

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....by the assessee-company to the employees was, in view of rule 3(c)(ii), taken at Rs. 150 per month for the purpose of assessment of the employees under the head "Salaries" and was taken at a different figure for the purpose of working out the ceiling under section 40(c)(iii) in the hands of the assessee-company, i.e., the employer. There could not be two different standards for assessment in respe....