https://www.taxtmi.com/caselaws?id=274742 The Appellate Tribunal ITAT Ahmedabad confirmed the assessed fringe benefit value of Rs. 4,04,68,953, rejecting the appellant's challenge to the valuation. The Tribunal relied on auditors' reports and precedential cases, dismissing the appeal due to the appellant's admission of lack of merit. The issue of charging interest under section 115WJ was deemed consequential and decided in conjunction with the fringe benefits valuation dispute. The judgment did not delve into the initiation of penalty proceedings under section 271(l)(d) in detail, as the focus remained on the fringe benefits valuation discrepancy. en-us Wed, 27 Jun 2018 00:00:00 +0530 Fri, 31 Aug 2018 06:46:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274742 The Appellate Tribunal ITAT Ahmedabad confirmed the assessed fringe benefit value of Rs. 4,04,68,953, rejecting the appellant's challenge to the valuation. The Tribunal relied on auditors' reports and precedential cases, dismissing the appeal due to the appellant's admission of lack of merit. The issue of charging interest under section 115WJ was deemed consequential and decided in conjunction with the fringe benefits valuation dispute. The judgment did not delve into the initiation of penalty proceedings under section 271(l)(d) in detail, as the focus remained on the fringe benefits valuation discrepancy. Case-Laws Income Tax Wed, 27 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274742