https://www.taxtmi.com/caselaws?id=245806 The court ruled that conveyance allowance paid to employees for commuting to and from work should be considered as part of the salary and taxable under the head "Salary." The court upheld this decision against the assessee, following precedent. Regarding interest payments debited by a bank, the court held that tax deduction at source under section 195 did not apply as the payments were part of letter of credit charges, not direct interest payments. The court also found that section 201 did not apply to disputed items like conveyance allowance, ruling in favor of the assessee on this issue. en-us Tue, 24 Dec 2013 00:00:00 +0530 Tue, 08 Apr 2014 12:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245806 The court ruled that conveyance allowance paid to employees for commuting to and from work should be considered as part of the salary and taxable under the head "Salary." The court upheld this decision against the assessee, following precedent. Regarding interest payments debited by a bank, the court held that tax deduction at source under section 195 did not apply as the payments were part of letter of credit charges, not direct interest payments. The court also found that section 201 did not apply to disputed items like conveyance allowance, ruling in favor of the assessee on this issue. Case-Laws Income Tax Tue, 24 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245806