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2015 (9) TMI 1396 - HC - Income TaxApplicability of section 115WB - Fringe Benefit Tax - ITAT held that Fringe Benefits cannot arise when the expenditure is incurred on non-employees - Held that:- Tribunal has allowed the respondent's appeal by following its decision in case of Kotak Mahindra Old Mutual Life Insurance Ltd (2011 (11) TMI 497 - ITAT MUMBAI ) for Assessment year 2006-07 and restored the issue to the Assessing Officer for fresh determination. Mr.Kotangale learned counsel for the revenue very fairly states that the appeal filed from the order of the Tribunal in case of Kotak Mahindra Old Mutual Life Insurance Ltd (2015 (10) TMI 82 - BOMBAY HIGH COURT ) by the revenue to this Court being Income Tax Appeal No.674 of 2012 was dismissed by an order dated 22nd August, 2014. -No substantial question of law. - Decided against revenue
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