Delhi High Court upholds exclusion of employer's tax in rent-free accommodation perquisite calculation The High Court of Delhi dismissed a review application regarding a tax appeal concerning the exclusion of tax paid by the employer in the valuation of ...
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Delhi High Court upholds exclusion of employer's tax in rent-free accommodation perquisite calculation
The High Court of Delhi dismissed a review application regarding a tax appeal concerning the exclusion of tax paid by the employer in the valuation of "rent-free accommodation" perquisite under section 10(10CC) of the Income-tax Act. The Court held that the employer's tax should be excluded in the computation of the perquisite. The review petition and application for condonation were both dismissed.
The High Court of Delhi dismissed a review application regarding a tax appeal. The appeal was admitted to consider whether tax paid by the employer was exempt under section 10(10CC) of the Income-tax Act, but the issue raised related to the valuation of "rent free accommodation." The Court held that tax paid by the employer should be excluded while computing the perquisite of "rent free accommodation." The review petition and application for condonation were dismissed.
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