https://www.taxtmi.com/caselaws?id=58777 The interest concession on an employer-granted housing loan to an employee was held not taxable as a perquisite under section 17(2)(iii) of the Income-tax Act, 1961. The Tribunal noted that although a clause had been inserted to tax the benefit arising from the gap between fair interest and concessional loan interest, that clause was withdrawn before it became operative. On that legislative sequence, the concession was treated as outside the perquisite definition at the relevant time, and the deletion of the addition was upheld. 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=58777 The interest concession on an employer-granted housing loan to an employee was held not taxable as a perquisite under section 17(2)(iii) of the Income-tax Act, 1961. The Tribunal noted that although a clause had been inserted to tax the benefit arising from the gap between fair interest and concessional loan interest, that clause was withdrawn before it became operative. On that legislative sequence, the concession was treated as outside the perquisite definition at the relevant time, and the deletion of the addition was upheld. Case-Laws Income Tax Thu, 17 Jul 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58777