https://www.taxtmi.com/caselaws?id=327954 The court upheld the constitutionality of Section 17(2)(viii) of the Income Tax Act, 1961, and Rule 3(7)(i) of the Income Tax Rules, 1962. It found that these provisions do not violate Article 14 of the Constitution of India and dismissed the writ petitions challenging them. The court clarified that Rule 3(7)(i) does not overrule the Supreme Court judgment in Arunkumar and held that it provides a valid method for valuing fringe benefits. Consequently, all related pending petitions were dismissed without costs. en-us Wed, 20 Apr 2016 00:00:00 +0530 Sat, 16 Jul 2016 11:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327954 The court upheld the constitutionality of Section 17(2)(viii) of the Income Tax Act, 1961, and Rule 3(7)(i) of the Income Tax Rules, 1962. It found that these provisions do not violate Article 14 of the Constitution of India and dismissed the writ petitions challenging them. The court clarified that Rule 3(7)(i) does not overrule the Supreme Court judgment in Arunkumar and held that it provides a valid method for valuing fringe benefits. Consequently, all related pending petitions were dismissed without costs. Case-Laws Income Tax Wed, 20 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327954