R & B FALCON (A) PTY LTD. vs. COMMISSIONER OF INCOME TAX
Appeal is allowed to the above extent
C.A. No.-003326-003326 - 2008Supreme Court06 May 2008
For Respondent: Commissioner of Income Tax
Section 115Section 115WSection 245Q(1)
115B?
20. FBT is payable on the value of fringe
benefits provided or deemed to have been provided
to employees based in India and determined on a
presumptive basis in accordance with the
provisions of Section 115WC of the Income-tax
Act. The value of such fringe benefits is
determined, inter alia, as a proportion of the total
amount