High Court upholds perquisite value determination for assessment year 1981-82, ruling in favor of assessee.

The High Court of Delhi upheld the determination of the perquisite value of accommodation, furniture, electricity, and water at Rs. 5,784 for the assessment year 1981-82. The court ruled in favor of the assessee against the Revenue, relying on past decisions on the market value of employee perquisites. The reference was disposed of with no order as to costs.

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The High Court of Delhi upheld the determination of the perquisite value of accommodation, furniture, electricity, and water at Rs. 5,784 for the assessment year 1981-82. The court relied on previous decisions regarding market value of perquisites provided to employees. The question was answered in favor of the assessee and against the Revenue. The reference was disposed of with no order as to costs.

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