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2012 (12) TMI 804 - AT - Income TaxVisa Charges and Others – Whether liable to FBT – Held that:-The incurring of visa charges may result in tour and travel of employees but the objective and purpose of incurring these and other related expenditure is for the carrying on of business outside India. Further, visa charges are a statutory payment. It is a legitimate business expenditure incurred by the assessee and is neither paid to the employees as a consideration for employment, nor are they incurred for the benefit of the employees of the assessee company. As decided in M/s. Toyota Kirloskar Motor P. Ltd. Vs. Addl. CIT (LTU), Bangalore [2012 (6) TMI 484 - ITAT, BANGALORE] legitimate business expenditure which does not result in any benefit to employees is not liable to FBT - Thus the findings of CIT(A) in concluding that the expenses under the head “Visa Charges and Others” are not liable for FBT are correct - in favour of assessee.
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