https://www.taxtmi.com/caselaws?id=264556 The Tribunal upheld the deletion of interest levied under section 234B by the Commissioner of Income Tax (Appeals) regarding the exemption for living allowance under section 10(14) of the Income Tax Act for an employee deputed to the USA. The Tribunal ruled that the living allowance was not taxable, therefore, the interest under section 234B was not sustainable. The appeal filed by the Revenue was dismissed, and the Tribunal followed the decision of the Coordinate Bench in canceling the levy of interest under section 234B. en-us Thu, 01 May 2014 00:00:00 +0530 Mon, 28 Sep 2015 10:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264556 The Tribunal upheld the deletion of interest levied under section 234B by the Commissioner of Income Tax (Appeals) regarding the exemption for living allowance under section 10(14) of the Income Tax Act for an employee deputed to the USA. The Tribunal ruled that the living allowance was not taxable, therefore, the interest under section 234B was not sustainable. The appeal filed by the Revenue was dismissed, and the Tribunal followed the decision of the Coordinate Bench in canceling the levy of interest under section 234B. Case-Laws Income Tax Thu, 01 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264556