https://www.taxtmi.com/caselaws?id=472391 LFC reimbursements involving foreign travel did not qualify for exemption under section 10(5) read with rule 2B. However, an interim judicial direction treated LTC reimbursements as not constituting income for tax-deduction purposes and placed the eventual tax liability on employees. Compliance with that direction did not create an employer default under section 201(1), even if the substantive exemption was later found unavailable. Consequently, no interest under section 201(1A) or related demand arose for the earlier reimbursement periods covered by the interim direction. en-us Tue, 28 Jul 2026 00:00:00 +0530 Fri, 09 Oct 2026 21:34:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472391 LFC reimbursements involving foreign travel did not qualify for exemption under section 10(5) read with rule 2B. However, an interim judicial direction treated LTC reimbursements as not constituting income for tax-deduction purposes and placed the eventual tax liability on employees. Compliance with that direction did not create an employer default under section 201(1), even if the substantive exemption was later found unavailable. Consequently, no interest under section 201(1A) or related demand arose for the earlier reimbursement periods covered by the interim direction. Case-Laws Income Tax Tue, 28 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472391