FBT payable on Free/concessional electricity provided to employees

Singareni Colleries Company Ltd Vs ACIT (ITAT Hyderabad)

AR of the assessee submitted that the amount of electricity provided to the employees is not a Fringe Benefit as this is a contractual obligation to the employees working in coal mines which is as per the National Coal Workers Agreement ( NCWA) and this benefit is provided to mitigate the occupational hazard in coal mining. He further submitted that Employee’s welfare U/s 115WB(E) does not include any expenditure in current or payment made to (1) fulfill any stat

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