https://www.taxtmi.com/caselaws?id=29356 The court held that the perquisite value provided to a director could not exceed Rs. 4,200, the actual rent paid by the company. The assessment years 1963-64 to 1966-67 and 1967-68 to 1968-69 were decided in favor of the assessee, with the court ruling that the quantum of perquisite should not be increased to Rs. 12,500. The assessee was awarded costs, including counsel's fee of Rs. 500. en-us Wed, 30 Sep 1981 00:00:00 +0530 Fri, 12 Mar 2010 13:27:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29356 The court held that the perquisite value provided to a director could not exceed Rs. 4,200, the actual rent paid by the company. The assessment years 1963-64 to 1966-67 and 1967-68 to 1968-69 were decided in favor of the assessee, with the court ruling that the quantum of perquisite should not be increased to Rs. 12,500. The assessee was awarded costs, including counsel's fee of Rs. 500. Case-Laws Income Tax Wed, 30 Sep 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29356