Fringe benefit valuation expanded to include prescribed amenities, excluding separately taxed fringe benefits, broadening perquisite scope. The amendment substitutes clause (vi) in clause (2) of section 17 to provide that the value of any other fringe benefit or amenity, as may be prescribed, shall be included, excluding fringe benefits chargeable to tax under a separate chapter, thereby bringing prescribed additional fringe benefits within the scope of taxable perquisites.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Fringe benefit valuation expanded to include prescribed amenities, excluding separately taxed fringe benefits, broadening perquisite scope.
The amendment substitutes clause (vi) in clause (2) of section 17 to provide that the value of any other fringe benefit or amenity, as may be prescribed, shall be included, excluding fringe benefits chargeable to tax under a separate chapter, thereby bringing prescribed additional fringe benefits within the scope of taxable perquisites.
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