Held that the CBDT has clarified vide Circular No. 8 of 2015, that the prohibition for claiming deduction in respect of FBT does not apply in the computation of book profits and therefore, the same has to be allowed as deduction in computation. (AY. 2013-14)
Capgemini Technology Services India Ltd. v. Dy. CIT (2022) 220 TTJ 409 (Pune) (Trib)
S. 115JB : Book profit-Fringe benefit tax-Allowable as deduction. [S. 40(a)(ic)]