https://www.taxtmi.com/caselaws?id=417074 The court upheld the Tribunal's decision, affirming the appellant's liability for tax and interest under Sections 201(1) and 201(1A) due to improper exemption claims for LTC involving foreign travel. The court dismissed the appeals, answering substantial questions of law against the appellant and in favor of the Revenue, emphasizing strict adherence to statutory provisions of the Income Tax Act and rejecting the appellant's plea of bonafide belief based on non-statutory circulars. en-us Fri, 17 Dec 2021 00:00:00 +0530 Fri, 29 Apr 2022 13:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417074 The court upheld the Tribunal's decision, affirming the appellant's liability for tax and interest under Sections 201(1) and 201(1A) due to improper exemption claims for LTC involving foreign travel. The court dismissed the appeals, answering substantial questions of law against the appellant and in favor of the Revenue, emphasizing strict adherence to statutory provisions of the Income Tax Act and rejecting the appellant's plea of bonafide belief based on non-statutory circulars. Case-Laws Income Tax Fri, 17 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417074