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October 2008

Scrutiny of FBT returns — Instruction No. 11/2008, F.No.225/44/2008-ITA-II, dated 5-9-2008 (reproduced)

By Pinky Shah, Sonalee Godbole, Gaurang Gandhi, Chartered Accountants
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Scrutiny of FBT returns — Instruction No.
11/2008, F.No.225/44/2008-ITA-II, dated 5-9-2008 (reproduced)


Kindly refer to the above.

 

2. I am directed to state that all the corporate cases
selected for scrutiny as per the guidelines contained in the Action Plan
document 2008-09, which have returned income of Rs.5 crore or more and where
provisions of Fringe Benefit Tax (FBT) apply, assessment order shall also be
passed u/s.115WE of the Income-tax Act, 1961 after scrutiny of all such cases.

 

This may be brought to the notice of all concerned.

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