Meals and lodging furnished to employee, his spouse, and his dependents, pursuant to employment
There shall be excluded from gross income of an employee the value of any meals or lodging furnished to him, his spouse, or any of his dependents by or on behalf of his employer for the convenience of the employer, but only if—
(1)#
in the case of meals, the meals are furnished on the business premises of the employer, or
(2)#
in the case of lodging, the employee is required to accept such lodging on the business premises of his employer as a condition of his employment.