Court Rules TDS on Leave Fare Concession Invalid; Employer's Income Estimation Found Reasonable u/s 192.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....TDS u/s 192 - leave fare concession [LFC] provided by the appellant to its employees - The estimation of income, in the hands of the employees under the head' income from salaries', by the employer was bonafide and reasonable, the very foundation of impugned demands raised under section 201 r.w.s 192 ceases to hold good in law. - AT....