https://www.taxtmi.com/caselaws?id=801317 Compliance with interim judicial directions prohibiting tax deduction at source on leave travel concession reimbursements involving a foreign travel leg prevented bank branches from being treated as assessees in default. Although the Section 10(5) exemption was unavailable for foreign travel, the directions operating during the relevant period displaced the Section 192 deduction obligation. Section 201(1) applies only where tax was required to be deducted and was not deducted; a subsequent merits determination could not retrospectively create a default. Consequently, interest under Section 201(1A) was not chargeable for that period. en-us Wed, 05 Aug 2026 00:00:00 +0530 Mon, 19 Oct 2026 07:01:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=801317 Compliance with interim judicial directions prohibiting tax deduction at source on leave travel concession reimbursements involving a foreign travel leg prevented bank branches from being treated as assessees in default. Although the Section 10(5) exemption was unavailable for foreign travel, the directions operating during the relevant period displaced the Section 192 deduction obligation. Section 201(1) applies only where tax was required to be deducted and was not deducted; a subsequent merits determination could not retrospectively create a default. Consequently, interest under Section 201(1A) was not chargeable for that period. Case-Laws Income Tax Wed, 05 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=801317