https://www.taxtmi.com/caselaws?id=341563 The tribunal upheld the CIT(A)'s decision, confirming demands raised under sections 201(1) and 201(1A) of the Income Tax Act and holding the assessee-Bank as 'an assessee in default.' The tribunal found that the assessee-Bank incorrectly allowed exemptions for travel outside India, violating section 10(5) requirements. The tribunal dismissed the appeals, stating the assessee-Bank did not verify employee eligibility for exemptions properly and failed to comply with the Act's provisions. en-us Thu, 06 Apr 2017 00:00:00 +0530 Sat, 18 Nov 2017 17:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341563 The tribunal upheld the CIT(A)'s decision, confirming demands raised under sections 201(1) and 201(1A) of the Income Tax Act and holding the assessee-Bank as 'an assessee in default.' The tribunal found that the assessee-Bank incorrectly allowed exemptions for travel outside India, violating section 10(5) requirements. The tribunal dismissed the appeals, stating the assessee-Bank did not verify employee eligibility for exemptions properly and failed to comply with the Act's provisions. Case-Laws Income Tax Thu, 06 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341563