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of <h1>Tax Tribunal Rules IIT Delhi's Rent-Free Accommodation Not Taxable; Revenue's Appeal Dismissed u/s 17(2)(ii.</h1> The legal case between the Assistant Commissioner of Income Tax and the Indian Institute of Technology Delhi centered on the taxation of rent-free accommodation provided to employees. The Revenue argued that IIT Delhi should deduct tax at source, valuing the accommodation at 15% of employees' salaries under Section 17(2)(ii) of the Income Tax Act. IIT Delhi contended that its employees should be taxed similarly to government employees, given its governmental ties. The tribunal found no concession in rent, thus ruling the perquisite value as nil and dismissing the Revenue's appeal, emphasizing the need for context-specific application of taxation laws for autonomous institutions.
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