Employee Rent-Free Housing and Tax: Can It Be Considered a Concession u/s 17(2)(ii) of Income Tax Act?

Employee Rent-Free Housing and Tax: Can It Be Considered a Concession u/s 17(2)(ii) of Income Tax Act? https://www.taxtmi.com/highlights?id=4970 Perquisite - rent free accommodation - in spite of the legal position that Rule 3 is intra vires, valid and is not inconsistent with the provisions of the parent Act under section 17(2)(ii), it is still open to the assessee to contend that there is no 'concession' in the matter of accommodation provided by the employer to the employee and hence the case did not fall within the mischief of section 17(2)(ii) of the Act - AT en-us Sun, 26 Aug 2012 21:59:57 +0530 Sun, 26 Aug 2012 21:59:57 +0530 TaxTMI RSS Generator Employee Rent-Free Housing and Tax: Can It Be Considered a Concession u/s 17(2)(ii) of Income Tax Act? https://www.taxtmi.com/highlights?id=4970 Perquisite - rent free accommodation - in spite of the legal position that Rule 3 is intra vires, valid and is not inconsistent with the provisions of the parent Act under section 17(2)(ii), it is still open to the assessee to contend that there is no 'concession' in the matter of accommodation provided by the employer to the employee and hence the case did not fall within the mischief of section 17(2)(ii) of the Act - AT Highlights Income Tax Sun, 26 Aug 2012 21:59:57 +0530 https://www.taxtmi.com/highlights?id=4970