https://www.taxtmi.com/caselaws?id=215516 The High Court dismissed the Revenue's appeal, affirming that the tax paid on rent-free accommodation provided by the employer is exempt under section 10(10CC) of the Income Tax Act. The Court held that the rent-free accommodation should be considered a non-monetary benefit, and therefore, the tax paid on this benefit is not eligible for exemption and should not be grossed up. This decision clarifies the tax treatment of such accommodations and emphasizes the importance of Rule 3 of the Income Tax Rules, 1962 in determining the tax liability on perquisites. en-us Fri, 03 Aug 2012 00:00:00 +0530 Wed, 08 Aug 2012 14:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215516 The High Court dismissed the Revenue's appeal, affirming that the tax paid on rent-free accommodation provided by the employer is exempt under section 10(10CC) of the Income Tax Act. The Court held that the rent-free accommodation should be considered a non-monetary benefit, and therefore, the tax paid on this benefit is not eligible for exemption and should not be grossed up. This decision clarifies the tax treatment of such accommodations and emphasizes the importance of Rule 3 of the Income Tax Rules, 1962 in determining the tax liability on perquisites. Case-Laws Income Tax Fri, 03 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215516