https://www.taxtmi.com/caselaws?id=119837 Payments labelled as news, reading and telephone allowances were treated as reimbursements of business expenditure, not salary perquisites, because employees in a news and current affairs business necessarily incurred such costs and the reimbursement ceiling supported that characterisation. The taxability of these payments was debatable, and the assessee had acted under a bona fide belief. In that situation, short deduction did not justify treating the payer as an assessee in default under section 201, and interest under section 201(1A) also could not be levied. en-us Tue, 31 Oct 2006 00:00:00 +0530 Fri, 13 Jul 2012 14:30:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119837 Payments labelled as news, reading and telephone allowances were treated as reimbursements of business expenditure, not salary perquisites, because employees in a news and current affairs business necessarily incurred such costs and the reimbursement ceiling supported that characterisation. The taxability of these payments was debatable, and the assessee had acted under a bona fide belief. In that situation, short deduction did not justify treating the payer as an assessee in default under section 201, and interest under section 201(1A) also could not be levied. Case-Laws Income Tax Tue, 31 Oct 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119837