62. Substituted, ibid., w.r.e.f. 1-4-2006. Clause (a) of Explanation 1 to section 17(2)(ii), as applicable for the period 1-4-2002 to 31-3-2006 (i.e., assessment years 2002-03 to 2005-06), read as under :

“(a)  in a case where an unfurnished accommodation is provided by any employer other than the Central Government or any State Government and—

   (i)  the accommodation is owned by the employer, the value of the accommodation determined at the rate of ten per cent of salary in cities having population exceeding four lakhs as per 1991 census and seven and one-half per cent of salary in other cities, in respect of the period during which the said accommodation was occupied by the assessee during the previous year, exceeds the rent recoverable from, or payable by, the assessee;

  (ii)  the accommodation is taken on lease or rent by the employer, the value of the accommodation being the actual amount of lease rental paid or payable by the employer or ten per cent of salary, whichever is lower, in respect of the period during which the said accommodation was occupied by the assessee during the previous year, exceeds the rent recoverable from, or payable by, the assessee;”