INCOME TAX OFFICER v. G.D. KASERA
[Citation -1986-LL-0410-6]
| Citation | 1986-LL-0410-6 |
|---|---|
| Appellant Name | INCOME TAX OFFICER |
| Respondent Name | G.D. KASERA |
| Court | ITAT |
| Relevant Act | Income-tax |
| Date of Order | 10/04/1986 |
| Judgment | View Judgment |
| Keyword Tags | concessional rent |
| Bot Summary: | One flat each was given by the said company to the assessee on monthly rent. The assessing officer has held that the rent paid by the assessees is inadequate in comparison to rent prevailing in the locality. The ITO made an addition of Rs. 10,410 in the case of each assessee each year. Aggrieved by the order of the assessing officer the assessee went up in appeal before the CIT(A), who accepted the assessee's contention and deleted the addition. The departmental representative has supported the orders of the assessing officer and has urged that the rent prevailing in the locality is much higher than the rent which is being charged by M/s Gwalior Rayons from the assessees. On the other hand, ld, counsel for the assessee has submitted that the tenancy has nothing to do with the contract o f employment and the accommodation had been let out to the assessees subject to availability. No material has been brought on record which may indicate that the accommodation was let out to the assessees in pursuance of the contract of service. |