https://www.taxtmi.com/caselaws?id=59056 The ITAT partially allowed the assessee's appeal, setting aside the Commissioner(A)'s order on the fair rental value of rent-free accommodation provided to an employee. The ITAT directed the ITO to determine the perquisite value based on the standard rent or municipal valuation, whichever is higher, rejecting the Commissioner(A)'s reliance on a Delhi High Court decision. The ITAT emphasized consistency in evaluating rent-free accommodation and highlighted that the same standard should apply to both tenancy and license arrangements. en-us Tue, 28 Oct 1986 00:00:00 +0530 Thu, 23 Dec 2010 17:10:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59056 The ITAT partially allowed the assessee's appeal, setting aside the Commissioner(A)'s order on the fair rental value of rent-free accommodation provided to an employee. The ITAT directed the ITO to determine the perquisite value based on the standard rent or municipal valuation, whichever is higher, rejecting the Commissioner(A)'s reliance on a Delhi High Court decision. The ITAT emphasized consistency in evaluating rent-free accommodation and highlighted that the same standard should apply to both tenancy and license arrangements. Case-Laws Income Tax Tue, 28 Oct 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59056