https://www.taxtmi.com/caselaws?id=27166 The court ruled that rent-free accommodation provided by a firm to a partner should not be considered a perquisite in the partner's hands for tax purposes. It was determined that the amount could only be taxed in the partner's hands if falling within specific sections of the Income-tax Act. Emphasizing the principle of avoiding double taxation, the court clarified that if the amount was already taxed in the firm's assessment, it should not be added again to the partner's personal income. The judgment favored the assessee, stressing the importance of correctly accounting for perquisites in partnership taxation to prevent double taxation. en-us Fri, 24 Feb 1984 00:00:00 +0530 Thu, 11 Feb 2010 12:25:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27166 The court ruled that rent-free accommodation provided by a firm to a partner should not be considered a perquisite in the partner's hands for tax purposes. It was determined that the amount could only be taxed in the partner's hands if falling within specific sections of the Income-tax Act. Emphasizing the principle of avoiding double taxation, the court clarified that if the amount was already taxed in the firm's assessment, it should not be added again to the partner's personal income. The judgment favored the assessee, stressing the importance of correctly accounting for perquisites in partnership taxation to prevent double taxation. Case-Laws Income Tax Fri, 24 Feb 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27166