Taxability as perquisite of Transport facility provided to an employee from his residence to office and vice- versa

RELEVANT PARAGRAPH 8. Having heard both the parties and having considered their rival contentions, let us consider the relevant provisions of law. [a] We find that the term ‘income’ has been defined in sec.2[24] to include the value of any perquisite or profits in lieu of salary taxable under clauses [2] and [3] of section 17. [b] Sec.17 defines ‘salary’, ‘perquisites’ and ‘profits in lieu of salary’ and clause [2] thereafter defines the term ‘perquisites’ to include the value of any benefit or amenity granted or provided free of cost...