IIT does not falls in status of Central Government for Invoking of Rule 3 and Section 17(2) of Income Tax: ITAT [Read Order]

There is no 'concession' in the matter of accommodation provided by the employer to the employee and hence the case did not fall within the mischief of Section 17 (2) (ii) of the Act.

By Aiswarya Krishnadas - On March 15, 2024 11:24 am - 2 mins read

IIT - Central Government - Invoking - Rule 3 and Section 17(2) of Income Tax - ITAT - TAXSCAN

The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) noted that the Indian Institute of Technology (IIT) does not fall under the status of the Central Government for invoking Rule 3 and Section 17(2) of the Income Tax Act, 1961. The case involves an institution established under The Institutes of Technology Act,…

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