https://www.taxtmi.com/caselaws?id=459864 The Telangana HC allowed the appeal regarding taxability of fringe benefits under Section 115WE. The court held that electricity supply to employees' residences, townships and street lights constituted a statutory obligation rather than employee welfare benefit. Both pre and post-amendment provisions of Section 115WB(2)(E) exclude expenses incurred to fulfill statutory obligations from being treated as employee welfare expenditure. The HC set aside decisions by AO, CIT (Appeals) and Tribunal, ruling that electricity supply expenses should be excluded from fringe benefit taxation. en-us Thu, 15 Feb 2024 00:00:00 +0530 Tue, 31 Dec 2024 23:47:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459864 The Telangana HC allowed the appeal regarding taxability of fringe benefits under Section 115WE. The court held that electricity supply to employees' residences, townships and street lights constituted a statutory obligation rather than employee welfare benefit. Both pre and post-amendment provisions of Section 115WB(2)(E) exclude expenses incurred to fulfill statutory obligations from being treated as employee welfare expenditure. The HC set aside decisions by AO, CIT (Appeals) and Tribunal, ruling that electricity supply expenses should be excluded from fringe benefit taxation. Case-Laws Income Tax Thu, 15 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459864