https://www.taxtmi.com/caselaws?id=234422 The Tribunal partially allowed the appeal regarding the disallowance of expenditure on the diminution in the value of shares and the assessment of Fringe Benefit Tax. The disallowance of expenditure on shares was upheld, considering it as notional capital loss. The assessment of Fringe Benefit Tax was overturned, ruling the expenses as one-time and not recurring employment consideration. The issue of addition based on TDS certificate discrepancy was remanded for further verification by the Assessing Officer with necessary documentary evidence. en-us Fri, 18 Jan 2013 00:00:00 +0530 Tue, 11 Jun 2013 10:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234422 The Tribunal partially allowed the appeal regarding the disallowance of expenditure on the diminution in the value of shares and the assessment of Fringe Benefit Tax. The disallowance of expenditure on shares was upheld, considering it as notional capital loss. The assessment of Fringe Benefit Tax was overturned, ruling the expenses as one-time and not recurring employment consideration. The issue of addition based on TDS certificate discrepancy was remanded for further verification by the Assessing Officer with necessary documentary evidence. Case-Laws Income Tax Fri, 18 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234422