1985 (8) TMI 115 - AT - Income Tax

Summary

The ITAT Delhi-B ruled in favor of the assessee appellant, an employee of Gwalior Rayon, regarding the assessment of a perquisite for residential accommodation. The AAC's assessment of Rs. 1,079 as a perquisite was disapproved, and the appeal was allowed. Rent control laws in Gwalior deemed the monthly rent for similar accommodations at Rs. 30, leading to the vacating of the assessment.