Injunction granted in writ petition related to perquisites Tax on Rent Free Accomodation
The All India Bank Officers’ Confederation (AIBOC) has released a letter to all affiliated that the injunction granted in the writ petition in the matter of perquisite valuation of rent free Accomodation under Income Tax is still in force.
The above matter came up for hearing on 18.04.2024 before the Hon’ble High Court of Madras and is yet to be listed for final arguments. As on date the Writ Petition is pending on the file of the Hon’ble High Court. The interim injunction granted by the Hon’ble Court in the matter continues as on date. The same has not been vacated.
An injunction is a legal order issued by a court that requires a person or entity to do or refrain from doing a specific act. It is often used to prevent harm, maintain the status quo, or enforce legal rights.
Types of Injunctions:
- Temporary Injunction – Issued for a short period to prevent immediate harm until a full hearing is conducted.
- Permanent Injunction – A final order that permanently restricts or mandates an action after a case is fully decided.
- Mandatory Injunction – Requires a party to take a specific action.
- Prohibitory Injunction – Prevents a party from taking a specific action.
Injunctions are commonly used in contract disputes, intellectual property cases, environmental law, and personal disputes to stop unlawful activities or enforce rights.
