No FBT on Travelling & Conveyance where public transport connectivity was absent 

Prakash Industries Ltd Vs ACIT (ITAT Delhi) In the realm of taxation, the concept of Fringe Benefit Tax (FBT) often sparks debates and interpretations, especially concerning its applicability on various expenses incurred by businesses. The case of Prakash Industries Ltd Vs ACIT (Income Tax Appellate Tribunal, Delhi) sheds light on such debates, offering insights into the argumentation surrounding FBT and the final determination on different expense items. Background The appeal arose against the order of the Commissioner of Income Tax (CIT), Rohtak, for the Assessment Year (A.Y.) 2006-07. Praka...