https://www.taxtmi.com/caselaws?id=341391 The court upheld Circular No. 8/2005 issued by the Central Board of Direct Taxes, affirming the applicability of Fringe Benefit Tax (FBT) on various employer expenses. It ruled that expenses like sales promotion, conveyance, and others are subject to FBT under Sections 115WA and 115WB of the Income Tax Act, 1961. The court rejected challenges to the circular, emphasizing that statutory provisions clearly include these expenses as fringe benefits. Additionally, the court overturned Tribunal decisions deleting FBT additions, holding that expenses deemed as fringe benefits under Section 115WB(2) are indeed taxable. en-us Fri, 17 Mar 2017 00:00:00 +0530 Tue, 01 Aug 2017 10:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341391 The court upheld Circular No. 8/2005 issued by the Central Board of Direct Taxes, affirming the applicability of Fringe Benefit Tax (FBT) on various employer expenses. It ruled that expenses like sales promotion, conveyance, and others are subject to FBT under Sections 115WA and 115WB of the Income Tax Act, 1961. The court rejected challenges to the circular, emphasizing that statutory provisions clearly include these expenses as fringe benefits. Additionally, the court overturned Tribunal decisions deleting FBT additions, holding that expenses deemed as fringe benefits under Section 115WB(2) are indeed taxable. Case-Laws Income Tax Fri, 17 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341391