https://www.taxtmi.com/caselaws?id=70339 The Tribunal held that the loans provided by the employer to the assessee did not result in any benefit or advantage to the employee. Therefore, the inclusion of the concessional rate of interest as a perquisite under section 17(2)(iii) of the Income-tax Act, 1961 was deemed unjustified and deleted. Additionally, the Tribunal favored the assessee in the dispute regarding the deduction claim under section 80L of the Act for interest credited to the provident fund, following a decision by the Allahabad High Court that allowed beneficiaries of a trust to claim such deduction. Consequently, the appeal was allowed in favor of the assessee. en-us Mon, 15 Feb 1982 00:00:00 +0530 Fri, 15 Apr 2011 16:08:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70339 The Tribunal held that the loans provided by the employer to the assessee did not result in any benefit or advantage to the employee. Therefore, the inclusion of the concessional rate of interest as a perquisite under section 17(2)(iii) of the Income-tax Act, 1961 was deemed unjustified and deleted. Additionally, the Tribunal favored the assessee in the dispute regarding the deduction claim under section 80L of the Act for interest credited to the provident fund, following a decision by the Allahabad High Court that allowed beneficiaries of a trust to claim such deduction. Consequently, the appeal was allowed in favor of the assessee. Case-Laws Income Tax Mon, 15 Feb 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70339