Case Law Details
Case Name : DCIT Vs M/s Mcleod Russel India Ltd (ITAT Kolkata)
Related Assessment Year : 2005- 06
Courts :
All ITAT ITAT Kolkata
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DCIT Vs M/s Mcleod Russel India Ltd (ITAT Kolkata) – Whether FBT is payable even in the absence of any taxable income – Whether provision of section 115-O & 115WA are pari-materia and hence FBT is leviable only to the extent of those expenses which are directly relatable to the Income taxable under the Income Tax Act – Whether when only 40% income of a tea company is chargeable to tax, even FBT liability arises on only 40% of expenses. – Revenue’s appeal allowed.
IN THE INCOME TAX APPELLATE TRIBUNAL “B” BENCH : KOLKATA
I.T.A No. 2093/Kol/2010
Assessment Year :...
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Hi
It was learnt FBT was abolished. Please clarify on this issue
Thanks
Mahesh