https://www.taxtmi.com/caselaws?id=18711 The High Court upheld the Tribunal's decision that the actual amount paid as house rent allowance is assessable in the hands of the employer under sections 40(c) and 40A(5) of the Income-tax Act, 1961. The Court ruled in favor of the Department, affirming the assessment based on actual expenditure, emphasizing that the employer's expenditure, not just the perquisite value, should be considered under the relevant sections. The Court referred to previous decisions supporting the view that the value of the perquisite should be based on the actual expenditure incurred by the employer, not limited to income-tax valuation. en-us Thu, 09 Feb 1995 00:00:00 +0530 Sat, 31 Oct 2009 15:32:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18711 The High Court upheld the Tribunal's decision that the actual amount paid as house rent allowance is assessable in the hands of the employer under sections 40(c) and 40A(5) of the Income-tax Act, 1961. The Court ruled in favor of the Department, affirming the assessment based on actual expenditure, emphasizing that the employer's expenditure, not just the perquisite value, should be considered under the relevant sections. The Court referred to previous decisions supporting the view that the value of the perquisite should be based on the actual expenditure incurred by the employer, not limited to income-tax valuation. Case-Laws Income Tax Thu, 09 Feb 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18711