The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the uniform allowance to the employees is not taxable as fringe benefits under the Income Tax Act, 1961. The assessee filed its return of fringe benefit on 30.10.2007 showing value of expenses liable to fringe benefit at Rs.32,75,705/-. The assessee […]
The post Uniform Allowance to Employees not Taxable as Fringe Benefits: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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