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Income Tax - Highlights / Catch Notes

Home Highlights August 2012 Year 2012 This

Perquisite value of rent free accommodation - reference to ...


Court Rules Section 17(2)(i) Inapplicable for Rent-Free Housing; No Taxpayer Obligation for Repairs or Renovations.

August 26, 2012

Case Laws     Income Tax     HC

Perquisite value of rent free accommodation - reference to Section 17(2)(i) was unwarranted because the assessee was under no obligation to incur the expenses on repairs and renovation or modification of rent free accommodation - HC

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