https://www.taxtmi.com/caselaws?id=272584 The tribunal affirmed the levy of tax and interest on the assessee under section 201(1) and 201(1A) for the respective assessment years. The decision was based on the understanding of Rule 3 of the IT Rules, 1962, and legal principles regarding the status of employees of a statutory corporation. The tribunal dismissed the appeals by the assessee, emphasizing the distinction between employees of public corporations and those holding office under the Union or State. The judgment, pronounced on 27-08-2014, provided a detailed analysis supporting the tax treatment related to the perquisite value of residential accommodation provided to employees. en-us Wed, 27 Aug 2014 00:00:00 +0530 Wed, 09 May 2018 08:32:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272584 The tribunal affirmed the levy of tax and interest on the assessee under section 201(1) and 201(1A) for the respective assessment years. The decision was based on the understanding of Rule 3 of the IT Rules, 1962, and legal principles regarding the status of employees of a statutory corporation. The tribunal dismissed the appeals by the assessee, emphasizing the distinction between employees of public corporations and those holding office under the Union or State. The judgment, pronounced on 27-08-2014, provided a detailed analysis supporting the tax treatment related to the perquisite value of residential accommodation provided to employees. Case-Laws Income Tax Wed, 27 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272584