https://www.taxtmi.com/caselaws?id=470972 Penalty for short deduction of tax at source on leave fare concession reimbursements involving overseas travel was unsustainable where the employer acted on a bona fide, previously debatable understanding that exemption applied if the designated destination was in India. That understanding was supported by an interim High Court order, although the Supreme Court later clarified that tax was deductible on such reimbursements. The short deduction was inadvertent and lacked intent to evade tax; accordingly, the penalty was deleted for both assessment years. en-us Fri, 28 Mar 2025 00:00:00 +0530 Mon, 17 Aug 2026 08:37:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470972 Penalty for short deduction of tax at source on leave fare concession reimbursements involving overseas travel was unsustainable where the employer acted on a bona fide, previously debatable understanding that exemption applied if the designated destination was in India. That understanding was supported by an interim High Court order, although the Supreme Court later clarified that tax was deductible on such reimbursements. The short deduction was inadvertent and lacked intent to evade tax; accordingly, the penalty was deleted for both assessment years. Case-Laws Income Tax Fri, 28 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470972