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2015 (10) TMI 86 - HC - Income TaxFringe Benefits - whether benefit cannot arise when the expenditure is incurred on non-employees ? - Whether ITAT was justified in law in holding that expenses which are specifically mentioned in section 115 WB (2) can be reduced from the valuation of fringe benefit if they have not been incurred for employees without appreciating that the CBDT Circular No.8 of 2005 categorically states that sub section(2) is an extension of sub-section (1) of section 115 JB of the Income Tax Act? - Held that:- We find that the impugned order of the Tribunal has followed its decision in respect of the same respondent-assessee for A.Y.2006-07 and 2007-08 in respect of Fringe benefit Tax Returns. We have today by a separate order dismissed the revenue's appeal to the order of the Tribunal We have today by a separate order dismissed the revenue's appeal to the order of the Tribunal. Thus, for the reasons recorded in our order passed today we see no reason to entertain the proposed questions of law.
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