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    <title>Tea Companies- FBT is payable on full taxable value of fringe benefits and not 40% - Rule 8 is not applicable ITAT, Kolkata.</title>
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    <description>Fringe Benefit Tax is chargeable on the full taxable value of employee perquisites and is not reduced by apportionment rules applied to compute an employer&#039;s partly agricultural income; the FBT levy targets employer expenditure on benefits and is independent of the income computation rules that limit taxability of certain company income.</description>
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      <description>Fringe Benefit Tax is chargeable on the full taxable value of employee perquisites and is not reduced by apportionment rules applied to compute an employer&#039;s partly agricultural income; the FBT levy targets employer expenditure on benefits and is independent of the income computation rules that limit taxability of certain company income.</description>
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