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2012 (4) TMI 224 - HC - Income TaxFringe benefit tax –The AO opined that expenditure incurred towards maintenance of residential quarters provided to its employees on rental basis constituted fringe benefit tax and tax was levied at 30% of the maintenance expenditure on the employer - Held that:- for the reason that the charge under Chapter XII-H of the Act is on the value of the fringe benefit extended by an employer to its employees, unless such fringe benefits enjoyed in the hands of the employee is quantified, there is no question of leaving fringe benefit tax on the employer at 30% of the tax levied and enjoyed by the employer – appeal of revenue dismissed.
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