https://www.taxtmi.com/acts?id=8647 Where an employer who paid fringe benefit tax on allotment or transfer of specified securities or sweat equity shares subsequently recovers that tax from an employee, the recovered amount is deemed to be tax paid by the employee only to the extent it relates to the value of the fringe benefit attributable to that employee; once so deemed, the employee cannot claim a refund of that payment or credit it against other tax liabilities under the Act. en-us Thu, 01 May 2008 18:10:11 +0530 Fri, 02 May 2008 09:42:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=8647 Where an employer who paid fringe benefit tax on allotment or transfer of specified securities or sweat equity shares subsequently recovers that tax from an employee, the recovered amount is deemed to be tax paid by the employee only to the extent it relates to the value of the fringe benefit attributable to that employee; once so deemed, the employee cannot claim a refund of that payment or credit it against other tax liabilities under the Act. Act-Rules F. Acts / Amendment Acts Thu, 01 May 2008 18:10:11 +0530 https://www.taxtmi.com/acts?id=8647