Insertion of new section 115 WKB.

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....ncome-tax Act, the following section shall be inserted, namely:— Deemed payment of tax by employee. "115WKB. (1) Where an employer has paid any fringe benefit tax with respect to allotment or ....

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....of the fringe benefit provided to such employee, as determined under clause (ba) of sub-section (1) of section 115WC. (2) Notwithstanding anything contained in any other provisions of this Act, whe....