https://www.taxtmi.com/caselaws?id=204249 The Appellate Tribunal ITAT, Bangalore set aside the Commissioner's order, ruling that rent paid for parking slots is not subject to Fringe Benefit Tax (FBT) as it does not constitute running and maintenance expenses under the Income-tax Act. Legal precedents were cited to establish that parking areas are integral parts of rented premises and should not be separately taxed. The judgment emphasizes the importance of applying legal principles and precedents in determining tax liabilities, ultimately rejecting the imposition of FBT on parking slot rent. en-us Mon, 16 Aug 2010 00:00:00 +0530 Tue, 28 Aug 2012 12:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204249 The Appellate Tribunal ITAT, Bangalore set aside the Commissioner's order, ruling that rent paid for parking slots is not subject to Fringe Benefit Tax (FBT) as it does not constitute running and maintenance expenses under the Income-tax Act. Legal precedents were cited to establish that parking areas are integral parts of rented premises and should not be separately taxed. The judgment emphasizes the importance of applying legal principles and precedents in determining tax liabilities, ultimately rejecting the imposition of FBT on parking slot rent. Case-Laws Income Tax Mon, 16 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204249