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2013 (10) TMI 1373 - AT - Income TaxLevy of Fringe Benefit Tax - Held that:- We find that the Assessing Officer has estimated Fringe Benefit amount at 20% of the expenditure He has not brought any material on record to show that the above expenditure gave any benefit to the employees of the assessee company. In absence of any such nexus being proved by the Assessing Officer, in our considered opinion, levy of Fringe Benefit Tax on the expenditure is not warranted.
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