https://www.taxtmi.com/caselaws?id=3154 The petition challenging the validity of rule 3 of the Income-tax Rules was disposed of by the Supreme Court. The Court upheld the rule as applicable to cases involving concessions in rent for accommodation provided by employers to employees. It was clarified that taxpayers can contest the concession in accommodation to avoid falling under section 17(2)(ii) of the Income-tax Act. The petitioners were allowed to argue that their case, predating 2001, did not involve any concession in accommodation, potentially exempting them from the Act's provisions. en-us Tue, 10 Jul 2007 00:00:00 +0530 Mon, 13 Jun 2011 19:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3154 The petition challenging the validity of rule 3 of the Income-tax Rules was disposed of by the Supreme Court. The Court upheld the rule as applicable to cases involving concessions in rent for accommodation provided by employers to employees. It was clarified that taxpayers can contest the concession in accommodation to avoid falling under section 17(2)(ii) of the Income-tax Act. The petitioners were allowed to argue that their case, predating 2001, did not involve any concession in accommodation, potentially exempting them from the Act's provisions. Case-Laws Income Tax Tue, 10 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3154