Using a building premises for free

Section 28(iv) hitherto provides that any value of benefit or perquisite, whether convertible in money or not, arising from business or exercise of a profession would be considered as income and shall be chargeable to income tax as business income.?? Maybe disclosure is proper. It doesnt impact financial statement cause there is prescripttion that accounting stands must definitely have a ppe. So no need to record it. Apart from revenue recognition, nothing which is free needs to be presented in the financial statement. Because only commercial transactions are recorded for tax purposes and investors