https://www.taxtmi.com/caselaws?id=18018 The court held that interest-free loans for house building purposes provided by the employer to the assessee were not to be treated as perquisites under section 17(2)(iii) of the Income-tax Act, 1961. The legislative history, circulars, and specific amendments to section 17(2) indicated that such loans were excluded from the ambit of perquisites to provide relief to salaried taxpayers. The court rejected the Revenue's contention and ruled in favor of the assessee. en-us Thu, 11 Jun 1992 00:00:00 +0530 Sat, 26 Sep 2009 12:25:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18018 The court held that interest-free loans for house building purposes provided by the employer to the assessee were not to be treated as perquisites under section 17(2)(iii) of the Income-tax Act, 1961. The legislative history, circulars, and specific amendments to section 17(2) indicated that such loans were excluded from the ambit of perquisites to provide relief to salaried taxpayers. The court rejected the Revenue's contention and ruled in favor of the assessee. Case-Laws Income Tax Thu, 11 Jun 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18018