https://www.taxtmi.com/caselaws?id=120526 For valuation of employer-provided residential accommodation, only lease rental paid or payable for the premises can be included under rule 3(1) of the Income-tax Rules. Payments made under a separate amenities agreement to a third-party service provider for plastering, painting, housekeeping, car parking and similar services are not lease rental merely because they relate to employee occupation. Such compensation is independently assessable as amenities under rule 3(8). The employee accommodation benefit was therefore required to be valued separately, and the addition was sustained in favour of the Revenue. en-us Mon, 28 Apr 2008 00:00:00 +0530 Fri, 20 Jul 2012 18:49:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120526 For valuation of employer-provided residential accommodation, only lease rental paid or payable for the premises can be included under rule 3(1) of the Income-tax Rules. Payments made under a separate amenities agreement to a third-party service provider for plastering, painting, housekeeping, car parking and similar services are not lease rental merely because they relate to employee occupation. Such compensation is independently assessable as amenities under rule 3(8). The employee accommodation benefit was therefore required to be valued separately, and the addition was sustained in favour of the Revenue. Case-Laws Income Tax Mon, 28 Apr 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120526