https://www.taxtmi.com/caselaws?id=18480 The court ruled in favor of the assessee against the Revenue on the determination of the value of perquisites under section 40A(5) of the Income-tax Act, clarifying that the fair rental value of a building cannot be the basis for quantifying perquisites. Additionally, the court favored the assessee on the classification of a building as a guest-house under section 37(3), upholding the Tribunal's decision. However, the court ruled in favor of the Revenue against the assessee on the allowability of expenditure on employee travel under rule 6D, emphasizing that expenditure should be calculated per trip, not for the whole year. en-us Tue, 08 Aug 1995 00:00:00 +0530 Thu, 01 Oct 2009 12:14:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18480 The court ruled in favor of the assessee against the Revenue on the determination of the value of perquisites under section 40A(5) of the Income-tax Act, clarifying that the fair rental value of a building cannot be the basis for quantifying perquisites. Additionally, the court favored the assessee on the classification of a building as a guest-house under section 37(3), upholding the Tribunal's decision. However, the court ruled in favor of the Revenue against the assessee on the allowability of expenditure on employee travel under rule 6D, emphasizing that expenditure should be calculated per trip, not for the whole year. Case-Laws Income Tax Tue, 08 Aug 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18480