Transport Services or Medical Expenses Reimbursement provided to non-employees excluded from FBT liability: ITAT deletes Addition [Read Order]

Considering CBDT Circular No. 8/2005 dated 29.08.2005, the bench deleted the addition of Rs. 27,31,879 as FBT liability
ITAT - ITAT Delhi - Income Tax - Transport Services - TAXSCAN

The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) ruled in favor of the assessee by removing the addition related to transport services or medical expenses reimbursement provided to non-employees, thereby exempting them from Fringe Benefit Tax ( FBT ) liability. The appeal pertained to FBT against the order issued by the…

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