https://www.taxtmi.com/caselaws?id=120098 The Tribunal ruled in favor of the assessee in an appeal against the CIT(A)'s order, which treated the assessee as default under section 201(1) and levied short deduction of tax at source on reimbursement of conveyance allowance to employees. The Tribunal held that the conveyance allowance, although not exempt under section 10(14) of the Income-tax Act, was for the purposes of employment and reasonable. Consequently, the Tribunal canceled the levy under section 201 of the Act and also dismissed the interest levy under section 201(1A) in favor of the assessee. en-us Mon, 24 Jul 2006 00:00:00 +0530 Mon, 16 Jul 2012 17:46:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120098 The Tribunal ruled in favor of the assessee in an appeal against the CIT(A)'s order, which treated the assessee as default under section 201(1) and levied short deduction of tax at source on reimbursement of conveyance allowance to employees. The Tribunal held that the conveyance allowance, although not exempt under section 10(14) of the Income-tax Act, was for the purposes of employment and reasonable. Consequently, the Tribunal canceled the levy under section 201 of the Act and also dismissed the interest levy under section 201(1A) in favor of the assessee. Case-Laws Income Tax Mon, 24 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120098