Subscription to Tata Brand Equity contribution not liable to FBT in the absence of employer – employee relation

ITAT MUMBAI BENCH ‘E’ Assistant Commissioner of Income-tax Versus Tata Consultancy Services Ltd. IT Appeal NO. 3457 (MUM.) OF 2011 [ASSESSMENT YEAR 2007-08] SEPTEMBER  26, 2012 ORDER N.K. Billaiya, Accountant Member With this appeal the Revenue has challenged the correctness of the order of Ld. CIT(A)-LTU, Mumbai dt. 24.2.2011 pertaining to assessment year 2007-08. 2. The substantive ground of appeal of the Revenue is that on the facts and in the circumstances of the case and in law, the Ld. CIT(A) erred in allowing the deduction from Fringe benefits towards Tata brand equity co...