Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Fringe benefits: employer provided privileges and expenses can be treated as taxable consideration, subject to specified exclusions.
Section 115WB defines fringe benefits to include employer provided privileges, services, amenities, concessional private travel tickets, employer contributions to approved superannuation funds, and specified securities or sweat equity shares. It deems fringe benefits to arise where the employer incurs expenses for categories such as entertainment, hospitality, conferences, sales promotion (subject to specified advertising and sponsorship exclusions), employees' welfare (with enumerated exclusions), conveyance, accommodation, vehicle and aircraft upkeep, telephone use, festival celebrations, club and health facilities, gifts, scholarships, and tour and travel; perquisites taxed as employee income and certain commuting transport benefits are excluded.
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