ITAT Orders Deletion of FBT Addition Due to Lack of Employer-Employee Relationship

Piramal Enterprises Ltd Vs DCIT (ITAT Mumbai) Absence of Employer-Employee Relationship: ITAT directs Deletion of FBT Addition on business promotion expenses In the case of Piramal Enterprises Ltd vs DCIT, the Income Tax Appellate Tribunal (ITAT) Mumbai directed the deletion of Fringe Benefit Tax (FBT) addition on business promotion expenses due to the absence of an employer-employee relationship. The assessee had challenged the action of the Deputy Commissioner of Income Tax (DCIT) in charging FBT on various business promotion expenses, including Key Account Manager (KAM) expenses, Customer ...