1992 (11) TMI 59

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....ion 256(1) of the Income-tax Act, 1961, made at the instance of the Commissioner of Income-tax, the Income-tax Appellate Tribunal has referred the following question for opinion : " Whether, on the facts and in the circumstances of the case, rent free accommodation and the cash house rent allowance provided by the assessee-company to its employees under the terms of the contract of employment a....

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....e Assistant Commissioner was rejected. On further appeal, the Income-tax Appellate Tribunal, however, reversed the finding of the Income-tax Officer and held that the disallowance of Rs. 16,989 by taking resort to section 40(a)(v) was not correct. According to the Tribunal, the said section had no application to the facts of the case. The Commissioner of Income-tax sought a reference and, accordin....