https://www.taxtmi.com/caselaws?id=10816 The court upheld the validity of Section 17(2)(vi) of the Income-tax Act and Rule 3 of the Income-tax Rules, 1962, dismissing the writ petitions challenging them. It directed the Central Board of Direct Taxes to review the prescribed interest rates for perquisites valuation. Additionally, the court ordered the employer to transfer the amount deposited as per the interim direction to the Income-tax Department within three weeks. en-us Fri, 12 Mar 2004 00:00:00 +0530 Sat, 25 Jul 2009 15:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10816 The court upheld the validity of Section 17(2)(vi) of the Income-tax Act and Rule 3 of the Income-tax Rules, 1962, dismissing the writ petitions challenging them. It directed the Central Board of Direct Taxes to review the prescribed interest rates for perquisites valuation. Additionally, the court ordered the employer to transfer the amount deposited as per the interim direction to the Income-tax Department within three weeks. Case-Laws Income Tax Fri, 12 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10816