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2013 (10) TMI 607 - AT - Income TaxPayment of fringe benefits - it was contended that the assessee provided Fringe Benefits to its employees in course of his business activities and incurred expenses. Therefore Rule-8 will also apply to value of Fringe Benefit.- CIT rejected revised computation of Taxable Fringe Benefit by excluding 60% of the expenditure as relatable to agricultural activities - Held that:- an employer assessee is liable to pay Fringe Benefit Tax u/s. 115WA of the Income Tax Act, in relation to Fringe Benefits provided by him to its employees - an employer is liable to pay Fringe Benefit Tax even when no income-tax is payable by an employer on his total income computed in accordance with the provisions of the Income Tax Act - Fringe Benefit Tax is not payable on the income of an assessee but only Fringe benefits provided by an employer to its employees - Decided against assessee.
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