https://www.taxtmi.com/caselaws?id=441059 The Tribunal dismissed the appeal, upholding the CIT(A)'s order for AY 2014-15. The denial of exemption under Section 10(5) for LTC involving foreign travel was confirmed, in line with previous Supreme Court rulings. The bank was deemed an "assessee in default" for non-deduction of TDS on LTC reimbursements. The requirement to produce Form No. 26A for LTC claims was upheld, and interest under Section 201(1A) was levied. The decision aligned with precedent, settling issues against the assessee and in favor of the revenue. en-us Fri, 28 Jul 2023 00:00:00 +0530 Mon, 31 Jul 2023 10:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441059 The Tribunal dismissed the appeal, upholding the CIT(A)'s order for AY 2014-15. The denial of exemption under Section 10(5) for LTC involving foreign travel was confirmed, in line with previous Supreme Court rulings. The bank was deemed an "assessee in default" for non-deduction of TDS on LTC reimbursements. The requirement to produce Form No. 26A for LTC claims was upheld, and interest under Section 201(1A) was levied. The decision aligned with precedent, settling issues against the assessee and in favor of the revenue. Case-Laws Income Tax Fri, 28 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441059