https://www.taxtmi.com/caselaws?id=122512 Employer-provided accommodation outside the Rent Control Act was required to be valued at open market fair rental value, not confined to standard rent, because the premises fell within a statutory exemption. In computing that value, the employer's interest-free security deposit to the landlord was a relevant accommodation cost, so notional interest on the deposit was includible. The salary-based computation also required aggregation of annual salary from more than one employer. On these principles, the perquisite value was upheld as correctly computed. en-us Wed, 17 Feb 2010 00:00:00 +0530 Sun, 20 Jan 2013 21:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122512 Employer-provided accommodation outside the Rent Control Act was required to be valued at open market fair rental value, not confined to standard rent, because the premises fell within a statutory exemption. In computing that value, the employer's interest-free security deposit to the landlord was a relevant accommodation cost, so notional interest on the deposit was includible. The salary-based computation also required aggregation of annual salary from more than one employer. On these principles, the perquisite value was upheld as correctly computed. Case-Laws Income Tax Wed, 17 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122512