https://www.taxtmi.com/caselaws?id=3923 Outcome: The Authority held that the transportation costs incurred by the applicant for bringing offshore employees from their home countries to the rig in India are deemed fringe benefits under the Income-tax Act, 1961. Therefore, these costs are subject to Fringe Benefit Tax (FBT) as per sections 115WA and 115WB, despite the applicant's reliance on CBDT Circular No. 8/2005. The ruling was pronounced on December 13, 2006. en-us Wed, 13 Dec 2006 00:00:00 +0530 Fri, 05 Aug 2022 17:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3923 Outcome: The Authority held that the transportation costs incurred by the applicant for bringing offshore employees from their home countries to the rig in India are deemed fringe benefits under the Income-tax Act, 1961. Therefore, these costs are subject to Fringe Benefit Tax (FBT) as per sections 115WA and 115WB, despite the applicant's reliance on CBDT Circular No. 8/2005. The ruling was pronounced on December 13, 2006. Case-Laws Income Tax Wed, 13 Dec 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3923