https://www.taxtmi.com/caselaws?id=57940 The Tribunal held that the housing loan provided by the employer at a concessional interest rate of 4% did not constitute a perquisite under section 17(2)(iii) of the Income-tax Act, 1961. The Tribunal found that the loan was not a part of the remuneration for services rendered and did not provide a substantial benefit to be considered a perquisite. As a result, the addition of Rs. 1,136 to the assessee's income was deleted, and the appeal was allowed. en-us Thu, 25 Aug 1983 00:00:00 +0530 Wed, 15 Dec 2010 15:27:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57940 The Tribunal held that the housing loan provided by the employer at a concessional interest rate of 4% did not constitute a perquisite under section 17(2)(iii) of the Income-tax Act, 1961. The Tribunal found that the loan was not a part of the remuneration for services rendered and did not provide a substantial benefit to be considered a perquisite. As a result, the addition of Rs. 1,136 to the assessee's income was deleted, and the appeal was allowed. Case-Laws Income Tax Thu, 25 Aug 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57940