2003 (2) TMI 13

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..... the market value of the perquisite provided to the assessee by way of rent-free accommodation, the basis should be the standard rent fixed by the Rent Controller in respect of similar accommodation by another person under section 9 of the U.P. Urban Buildings (Regulation of Letting, Rent and Eviction) Act, 1972
Judge(s) : D. K. JAIN., MADAN B. LOKUR JUDGMENT The judgment of the court was de .....

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..... e assessee and other directors of the same company, but in the penultimate paragraph of its order, except for relying on the said order, it has not recorded any reason for deciding the issue in favour of the assessee. Similar issue had come up for our consideration in the cases of some of the assessees belonging to the same group. In CIT v. Mahesh Kumar Modi [2004] 266 ITR 192 (I.T.R. No.6 of 198 .....

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