https://www.taxtmi.com/caselaws?id=39783 The valuation rule for rent-free accommodation was construed to use "salary" in an inclusive sense, not a restrictive one. Because the Act already treats salary as including perquisites and profits in lieu of salary, income-tax borne by the employer on an employee's behalf was treated as part of the employee's remuneration in substance. It therefore fell within salary, pay or allowance for computing the value of rent-free residential accommodation, and the issue was answered in favour of the Revenue. en-us Tue, 31 Jul 1973 00:00:00 +0530 Tue, 20 Apr 2010 12:28:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39783 The valuation rule for rent-free accommodation was construed to use "salary" in an inclusive sense, not a restrictive one. Because the Act already treats salary as including perquisites and profits in lieu of salary, income-tax borne by the employer on an employee's behalf was treated as part of the employee's remuneration in substance. It therefore fell within salary, pay or allowance for computing the value of rent-free residential accommodation, and the issue was answered in favour of the Revenue. Case-Laws Income Tax Tue, 31 Jul 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39783