84[Recovery
of fringe benefit tax by the employer from the employee.
115WKA. Notwithstanding
anything contained in any agreement or scheme under which any specified
security or sweat equity shares referred to in clause (d) of
sub-section (1) of section 115WB has been
allotted or transferred, directly or indirectly, by the employer on or after
the 1st day of April, 2007, it shall be lawful for the employer to vary the
agreement or scheme under which such specified security or sweat equity shares
has been allotted or transferred so as to recover from the employee the fringe
benefit tax to the extent to which such employer is liable to pay the fringe
benefit tax in relation to the value of fringe benefits provided to the
employee and determined under clause (ba) of
sub-section (1) of section 115WC.]