TMI Blog2015 (11) TMI 1212X X X X Extracts X X X X X X X X Extracts X X X X ..... rline tickets provided to the employees of the Assessee by some other airlines can be a perquisite provided by the Assessee. In the circumstances, the Court finds that no error has been committed by the ITAT in deciding the issue in favour of the Assessee, thereby deleting the addition made by the AO. - Decided in favour of assessee. - ITA No. 223/2003 - - - Dated:- 16-11-2015 - S. Muralidhar A ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Assessee is not liable to deduct the tax at source? 3. The brief facts are that during the course of the assessment proceedings, the Assessing Officer ('AO') observed that the employees of the Assessee have been given free/concessional tickets. The AO treated the free/concessional tickets as perquisite and valued it at ₹ 15,48,300. The corresponding short deduction of tax a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... te. 6. The Revenue has been unable to explain how the free inter-airline tickets provided to the employees of the Assessee by some other airlines can be a perquisite provided by the Assessee. In the circumstances, the Court finds that no error has been committed by the ITAT in deciding the issue in favour of the Assessee, thereby deleting the addition made by the AO. 7. Accordingly, the ques ..... X X X X Extracts X X X X X X X X Extracts X X X X
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