Helicopter charter classification requires effective control analysis, while territorial performance, reasoned credit orders and wilful suppression de...
Specified fund definition expands PAN exemption eligibility for registered alternative investment funds and qualifying International Financial Service...
Tax exemption for specified legal-services authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and...
Approved resolution plans extinguish unsubmitted pre-approval tax claims, preventing later recovery outside the insolvency process and preserving a cl...
Tax deduction at source on foreign-travel leave fare concession was not required where judicial interim directions prevented the employer-bank from making the deduction. The bank had sufficient and reasonable cause because it could not lawfully act contrary to those directions. Consequently, the conditions for treating it as an assessee in default and imposing consequential interest for non-deduction were not met. The demand raised for default and interest was cancelled, and the bank was not liable for the impugned non-deduction during the subsistence of the interim directions.
Tax deduction at source on foreign-travel leave fare concession was not required where judicial interim directions prevented the employer-bank from making the deduction. The bank had sufficient and reasonable cause because it could not lawfully act contrary to those directions. Consequently, the conditions for treating it as an assessee in default and imposing consequential interest for non-deduction were not met. The demand raised for default and interest was cancelled, and the bank was not liable for the impugned non-deduction during the subsistence of the interim directions.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4801
Join Channel
TaxTMI 
