Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2011 (11) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2011 (11) TMI 497 - AT - Income TaxFringe Benefit Tax – fringe benefit deemed to be provided on expenditure made by employer on telephone, travel, conveyance, business promotion, club memberships, conference meetings etc. - Held that:- FBT is attracted only in cases where benefits are enjoyed collectively by the employees and cannot be attributed to an individual employee. The deeming provisions of 115WB(2), applies only when the expenditure is in the nature of considered for employment. Thus, file is restored back to Assessing Officer for adjudication afresh with direction to apply the proposition of law as interpreted while determining the value of fringe benefit. Decided in favor of assessee for statistical purposes.
|