1989 (2) TMI 46

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..... nder : "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 assessee and against the Revenue, keeping in view the judgment .....

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..... 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 respect of the employee and employer. It was further observed that .....

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