Computing value of perquisites u/s 17(2) - residential ...

Case Laws Income Tax

July 28, 2021

Computing value of perquisites u/s 17(2) - residential accommodation - Merely because assessee is a body or undertaking owned or controlled by the Central Government, it cannot be elevated to the status of Central Government. Thus, the assessee cannot claim that valuation of perquisites in respect of residential accommodation should be computed as in case of an accommodation provided by the Central Government. Therefore, Sl.No.1 of Table 1 of Rule 3 of the Rules does not apply to the assessee. - HC

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Computing value of perquisites u/s 17(2) - residential ...

Case Laws Income Tax

July 28, 2021

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