2012 (8) TMI 201

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..... given by this Court in CIT v. Telsuo Mitera [2012 (6) TMI 88 - DELHI HIGH COURT ] to assessee - decided against revenue. - ITA 1990/2010 - - - Dated:- 3-8-2012 - MR. JUSTICE S. RAVINDRA BHAT, MR. JUSTICE R.V.EASWAR, JJ. For Appellant: Ms. Rashmi Chopra, Sr. Standing Counsel. For Respondent: Ms. Shashi M. Kapila, Sr. Adv. with Mr. Pravesh Sharma and Ms. Radhika Narang, Advocates. .....

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..... sessee claimed a sum of Rs.1,05,765/- as exempt stating that this relates to the non monetary benefits and therefore, was exempt u/s 10(10CC) of the I.T. Act and should not be subjected to grossing up whereas the AO has stated in his assessment order that the benefit (rent free accommodation), considered by the assessee as non-monetary is a monetary benefit and therefore, tax paid by the employer .....

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