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Retention of seized property survives where recorded reasons support proceeds of crime, while stayed investigation periods are excluded from limitatio...
Specified income of Baddi Barotiwala Nalagarh Development Authority receives conditional tax exemption, retrospectively covering its designated assess...
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Unified Brand India framework introduces voluntary Trust Mark certification and funding support for export branding, packaging and global promotional ...
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.
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