https://www.taxtmi.com/caselaws?id=189718 The Tribunal upheld the Commissioner (Appeals)'s decision in a case concerning the valuation of rent-free accommodation provided to the assessee by the employer. The Tribunal determined that the hotel bill paid by the employer did not accurately reflect the perquisite value, considering the temporary nature of the accommodation provided until suitable housing was available. The Tribunal emphasized that the perquisite value should align with the actual benefit received by the employee, leading to a valuation of Rs. 18,370 for the five-month stay, contrary to the Income Tax Officer's initial addition of Rs. 5,49,941 to the assessee's income. en-us Wed, 03 Jan 1990 00:00:00 +0530 Wed, 18 Jan 2017 15:31:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189718 The Tribunal upheld the Commissioner (Appeals)'s decision in a case concerning the valuation of rent-free accommodation provided to the assessee by the employer. The Tribunal determined that the hotel bill paid by the employer did not accurately reflect the perquisite value, considering the temporary nature of the accommodation provided until suitable housing was available. The Tribunal emphasized that the perquisite value should align with the actual benefit received by the employee, leading to a valuation of Rs. 18,370 for the five-month stay, contrary to the Income Tax Officer's initial addition of Rs. 5,49,941 to the assessee's income. Case-Laws Income Tax Wed, 03 Jan 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189718