Notional Interest on Security Deposit paid by employer for accommodation of its employee – perquisites?

CIT Vs Shankar Krishnan (Bombay High Court)

Whether Notional Interest on Security Deposit paid by employer for accommodation of its employee will also be included while calculating perquisites.

BRIEF FACTS:

1. The Assessee is a salaried employee with McKinley & Company Inc., India. The Assessee was provided with rent free accommodation in Cuffe Parade, Mumbai by his employer company. The monthly rent paid by the e

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