https://www.taxtmi.com/caselaws?id=259632 The Tribunal partly allowed the assessee's appeal, ruling in favor of the assessee regarding the non-applicability of Fringe Benefits Tax (FBT) on sales promotion expenses and medical reimbursements. However, the Tribunal partially accepted the inclusion of expenditures on gifts to business associates and club membership fees in the taxable Fringe Benefits. The Tribunal emphasized the requirement of an employer-employee relationship for the levy of FBT, as highlighted in the case law of T.V. Today Network Ltd. Vs. DCIT and a CBDT Circular. en-us Fri, 17 Apr 2015 00:00:00 +0530 Fri, 15 May 2015 15:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259632 The Tribunal partly allowed the assessee's appeal, ruling in favor of the assessee regarding the non-applicability of Fringe Benefits Tax (FBT) on sales promotion expenses and medical reimbursements. However, the Tribunal partially accepted the inclusion of expenditures on gifts to business associates and club membership fees in the taxable Fringe Benefits. The Tribunal emphasized the requirement of an employer-employee relationship for the levy of FBT, as highlighted in the case law of T.V. Today Network Ltd. Vs. DCIT and a CBDT Circular. Case-Laws Income Tax Fri, 17 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259632