Employer Wins Tax Relief: Rule 8 Allows 40% Fringe Benefits Tax Rate Instead of 100% Assessed by Officer.

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....FBT - Concessional rate of tax prescribed under rule 8 of the Income-tax Rules to determine the taxable value of fringe benefits - Assessee-employer shall be entitled to claim relief at 40 per cent. of taxable value of fringe benefits as against 100 per cent. determined by the learned Assessing Officer - AT....