https://www.taxtmi.com/caselaws?id=248792 The Tribunal upheld the CIT(A)'s decision to exempt conveyance expenses for employees from Fringe Benefit Tax (FBT) based on Circular no. 14 of 2006, rejecting the Revenue's challenge based on Circular no. 8 of 2005. It determined that only 5% of conveyance expenses should be included for FBT purposes due to the nature of the assessee's business primarily engaged in providing BPO services. The Tribunal dismissed both the appeal and cross objection, concluding the case with clarity on FBT treatment of conveyance expenses and percentage inclusion for calculation. en-us Wed, 04 Jun 2014 00:00:00 +0530 Tue, 17 Mar 2015 18:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248792 The Tribunal upheld the CIT(A)'s decision to exempt conveyance expenses for employees from Fringe Benefit Tax (FBT) based on Circular no. 14 of 2006, rejecting the Revenue's challenge based on Circular no. 8 of 2005. It determined that only 5% of conveyance expenses should be included for FBT purposes due to the nature of the assessee's business primarily engaged in providing BPO services. The Tribunal dismissed both the appeal and cross objection, concluding the case with clarity on FBT treatment of conveyance expenses and percentage inclusion for calculation. Case-Laws Income Tax Wed, 04 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248792