https://www.taxtmi.com/caselaws?id=63223 For section 40A(5), rent-free accommodation provided to a general manager was to be valued by reference to the employer's actual expenditure on the accommodation, not the perquisite value used under section 17, and the disallowance was sustained. For section 43B, sales-tax liability covered by an eligible State deferred payment scheme and converted into a loan was treated as deemed paid in the year of conversion, so the deduction could not be denied on that basis and the addition was deleted. The text thus distinguishes the valuation of employer-provided accommodation from the tax treatment of deferred sales-tax converted into loan under a recognised scheme. en-us Fri, 25 Mar 1994 00:00:00 +0530 Fri, 28 Jan 2011 15:29:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63223 For section 40A(5), rent-free accommodation provided to a general manager was to be valued by reference to the employer's actual expenditure on the accommodation, not the perquisite value used under section 17, and the disallowance was sustained. For section 43B, sales-tax liability covered by an eligible State deferred payment scheme and converted into a loan was treated as deemed paid in the year of conversion, so the deduction could not be denied on that basis and the addition was deleted. The text thus distinguishes the valuation of employer-provided accommodation from the tax treatment of deferred sales-tax converted into loan under a recognised scheme. Case-Laws Income Tax Fri, 25 Mar 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63223