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The Commissioner of Income Tax-3 Mumbai Versus M/s Kotak Mahindra Bank Ltd

2015 (10) TMI 86 - BOMBAY HIGH COURT

Fringe 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 o .....

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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 appea .....

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ME TAX APPEAL NO.1829 OF 2013 - Dated:- 15-9-2015 - M.S.SANKLECHA AND G.S.KULKARNI, JJ Mr.Ashok Kotangale i/b M.s Padma Divakar for Appellant Mr.F.V.Irani with Mr,.A.K.Jasani for Respondent P.C. This appeal under section 260A of the Income Tax Act, 1 .....

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) Whether on the facts and in the circumstances of the case and in law the Hon'ble Income Tax Appellate Tribunal was justified in law in holding that Fringe Benefits cannot arise when the expenditure is incurred on non-employees without appreciat .....

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the Hon'ble Income Tax Appellate Tribunal 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 witho .....

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