Assessee Challenges Disallowance of Traveling Expenses After Paying 20% Fringe Benefit Tax; Cites Established Law.

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Full Text of the Document

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....Disallowance of traveling expenses - as per assessee it has paid fringe benefit tax at the rate of 20% - Now it is a settled position of law that no disallowance can be made once expenses are exigible to FBT.....