https://www.taxtmi.com/caselaws?id=58776 A concessional housing-loan interest benefit provided by an employer to an employee was examined for taxability as a perquisite under section 17(2)(iii) of the Income-tax Act, 1961. The revenue treated the difference between market interest and concessional interest as taxable, but the legislative history of the later insertion and subsequent deletion of clause (vi) in section 17(2) indicated that Parliament did not intend to bring such housing-loan interest concession within the charging ambit. The concessional loan benefit was therefore not taxable as a perquisite, and the employee's claim succeeded on this issue. en-us Thu, 17 Jul 1986 00:00:00 +0530 Wed, 22 Dec 2010 11:29:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58776 A concessional housing-loan interest benefit provided by an employer to an employee was examined for taxability as a perquisite under section 17(2)(iii) of the Income-tax Act, 1961. The revenue treated the difference between market interest and concessional interest as taxable, but the legislative history of the later insertion and subsequent deletion of clause (vi) in section 17(2) indicated that Parliament did not intend to bring such housing-loan interest concession within the charging ambit. The concessional loan benefit was therefore not taxable as a perquisite, and the employee's claim succeeded on this issue. Case-Laws Income Tax Thu, 17 Jul 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58776