https://www.taxtmi.com/caselaws?id=792656 Subsisting interim orders of the Madras High Court restrained implementation of the bank's circular and directed that tax was not to be deducted from Leave Travel Concession payments made to employees during the relevant period. While those directions remained in force, the bank was legally prevented from withholding tax, and any contrary deduction could have exposed it to contempt consequences. On that basis, the bank could not be fastened with liability as an assessee in default under the withholding provisions for non-deduction of tax at source on the impugned LTC payments. en-us Tue, 26 May 2026 00:00:00 +0530 Thu, 28 May 2026 15:09:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792656 Subsisting interim orders of the Madras High Court restrained implementation of the bank's circular and directed that tax was not to be deducted from Leave Travel Concession payments made to employees during the relevant period. While those directions remained in force, the bank was legally prevented from withholding tax, and any contrary deduction could have exposed it to contempt consequences. On that basis, the bank could not be fastened with liability as an assessee in default under the withholding provisions for non-deduction of tax at source on the impugned LTC payments. Case-Laws Income Tax Tue, 26 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792656