{"id":19070,"date":"2021-06-07T12:17:04","date_gmt":"2021-06-07T06:47:04","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cit-v-ibm-india-p-ltd-2020-275-taxman-610-karn-hc\/"},"modified":"2021-06-07T12:17:04","modified_gmt":"2021-06-07T06:47:04","slug":"cit-v-ibm-india-p-ltd-2020-275-taxman-610-karn-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-ibm-india-p-ltd-2020-275-taxman-610-karn-hc\/","title":{"rendered":"CIT v. IBM India (P) Ltd. (2020) 275 Taxman 610 (Karn.)(HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that in-house expenses incurred by assesse company for training of employees cannot be subjected to fringe benefit tax. Court also held that repayment of loan obtained for purchase of car cannot be brought within purview of fringe benefit tax and it is only actual running and maintenance expenditure of cars taken on finance lease which is liable for fringe benefit tax.\u00a0 (AY. 2009-10)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 115WB : Fringe benefits-Expenditure incurred in imparting in-house training to employees  Loan  obtained for car and maintenance  expenditure  Excluded from ambit of fringe benefit tax. <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-19070","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-4XA","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/19070","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=19070"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/19070\/revisions"}],"predecessor-version":[{"id":19071,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/19070\/revisions\/19071"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=19070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=19070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=19070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}