https://www.taxtmi.com/caselaws?id=355015 The Tribunal allowed the appeal, directing the AO to re-calculate the FBT by excluding the disallowed amount of business expenditure. This decision aligned with past assessment practices and the CBDT Circular, ensuring fairness and consistency in the treatment of disallowed expenses for FBT purposes. The appellant's contention that the disallowed amount was already included in the FBT return was upheld, providing relief by ensuring that the disallowed expenditure was not subjected to FBT. en-us Wed, 07 Feb 2018 00:00:00 +0530 Thu, 08 Feb 2018 07:49:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355015 The Tribunal allowed the appeal, directing the AO to re-calculate the FBT by excluding the disallowed amount of business expenditure. This decision aligned with past assessment practices and the CBDT Circular, ensuring fairness and consistency in the treatment of disallowed expenses for FBT purposes. The appellant's contention that the disallowed amount was already included in the FBT return was upheld, providing relief by ensuring that the disallowed expenditure was not subjected to FBT. Case-Laws Income Tax Wed, 07 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355015