Rectification of mistake

 Legal error apparent on record can be corrected by the AO in exercise of his power under s 154, as held byDelHC in Mitsubishi Corporation v CIT & Anr — In favour of: The revenue; ITA Nos 486–488 of 2008.

Perquisite — Tax paid by the employer in respect of salary paid to the employees is “salary” under r 3 of the Income-tax Rules for the purpose of computing the value of perquisites in respect of the rent-free accommodation provided to the expatriate employees.

Decided on: 3 June 2011.