https://www.taxtmi.com/caselaws?id=11286 For valuing the perquisite of rent-free accommodation, the relevant benchmark is the standard rent fixed under the applicable rent control law for similar accommodation. The Tribunal's determination of the perquisite value of rent-free accommodation, furniture, electricity and water was upheld on that basis, as the market value had to be measured by reference to standard rent. The question was answered in favour of the assessee and against the Revenue. en-us Thu, 13 Feb 2003 00:00:00 +0530 Tue, 04 Aug 2009 13:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11286 For valuing the perquisite of rent-free accommodation, the relevant benchmark is the standard rent fixed under the applicable rent control law for similar accommodation. The Tribunal's determination of the perquisite value of rent-free accommodation, furniture, electricity and water was upheld on that basis, as the market value had to be measured by reference to standard rent. The question was answered in favour of the assessee and against the Revenue. Case-Laws Income Tax Thu, 13 Feb 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11286