https://www.taxtmi.com/caselaws?id=186003 Fringe benefit tax for a tea company is computed under Chapter XII-H on employee-related expenditure and is not restricted by Rule 8 apportionment applicable to tea income, so only 40% of the relevant expenditure could not be adopted for fringe benefit valuation. For foreign tour and travel expenditure, classification under section 115WB(2) depends on the true nature and dominant purpose of the outgoing; where the record was unclear, the correct head could not be fixed finally and fresh verification by the Assessing Officer was required. The result was relief for the Revenue on the Rule 8 issue and remand on the expenditure classification issue. en-us Fri, 25 May 2012 00:00:00 +0530 Mon, 05 Sep 2016 15:09:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186003 Fringe benefit tax for a tea company is computed under Chapter XII-H on employee-related expenditure and is not restricted by Rule 8 apportionment applicable to tea income, so only 40% of the relevant expenditure could not be adopted for fringe benefit valuation. For foreign tour and travel expenditure, classification under section 115WB(2) depends on the true nature and dominant purpose of the outgoing; where the record was unclear, the correct head could not be fixed finally and fresh verification by the Assessing Officer was required. The result was relief for the Revenue on the Rule 8 issue and remand on the expenditure classification issue. Case-Laws Income Tax Fri, 25 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186003