https://www.taxtmi.com/caselaws?id=120506 The ITAT Delhi ruled in favor of the assessee, determining that free education and transport facilities provided to employees' wards should not be taxed as perquisites under the Income-tax Act, 1961. The tribunal upheld the assessee's position based on a letter from the CBDT, stating that if the employer did not directly incur expenses for the benefits, their value should be treated as nil. However, the tribunal remanded the case to ascertain the actual cost of providing free/concessional transport. The decision also considered the principle of consistency and clarified that the employer was not obligated to deduct tax at source on these benefits, partially allowing the department's appeal for statistical purposes. en-us Fri, 06 Jun 2008 00:00:00 +0530 Fri, 20 Jul 2012 15:24:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120506 The ITAT Delhi ruled in favor of the assessee, determining that free education and transport facilities provided to employees' wards should not be taxed as perquisites under the Income-tax Act, 1961. The tribunal upheld the assessee's position based on a letter from the CBDT, stating that if the employer did not directly incur expenses for the benefits, their value should be treated as nil. However, the tribunal remanded the case to ascertain the actual cost of providing free/concessional transport. The decision also considered the principle of consistency and clarified that the employer was not obligated to deduct tax at source on these benefits, partially allowing the department's appeal for statistical purposes. Case-Laws Income Tax Fri, 06 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120506