https://www.taxtmi.com/news?id=415 Section 115WB defines fringe benefit, deems specified employer expenses to be benefits provided to employees, and excludes perquisites taxed in employees' hands and certain free or subsidised transport or related allowances. The Supreme Court held that sub section (2)'s enumerated matters are not covered by sub section (3) and that transport amenities fall within sub section (1). FBT applies to expenditures by employers with a permanent establishment in India, including costs relating to bringing employees from abroad, and the CBDT's executive interpretations are ordinarily binding unless unlawful; assessing authorities must decide factual applicability of Section 115WB. en-us Sat, 10 May 2008 11:58:00 +0530 Fri, 22 Aug 2025 16:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=415 Section 115WB defines fringe benefit, deems specified employer expenses to be benefits provided to employees, and excludes perquisites taxed in employees' hands and certain free or subsidised transport or related allowances. The Supreme Court held that sub section (2)'s enumerated matters are not covered by sub section (3) and that transport amenities fall within sub section (1). FBT applies to expenditures by employers with a permanent establishment in India, including costs relating to bringing employees from abroad, and the CBDT's executive interpretations are ordinarily binding unless unlawful; assessing authorities must decide factual applicability of Section 115WB. News - Sat, 10 May 2008 11:58:00 +0530 https://www.taxtmi.com/news?id=415