2015 (2) TMI 1378

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....ed:- 16-2-2015<br>M.P.No.2 of 2014, W.P.No.11991 of 2014 - -<br>Indian Laws<br>THE HONOURABLE MR. JUSTICE S.M. SUBRAMANIAM For Petitioner : M/s. R. Vaigai, Senior Advocate, For M/s. Anna Mathew For Respondent : For R1 and R2 : Mr. Om Prakash Senior Advocate For Mr. K. Chandrasekar For R4 : Mr. S. Rajesh, For Mr. Karthik Ranganathan For R3 : No appearance ORDER K.K. SASIDHARAN, J. The challe....

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....eas countries/centres as part of LTC/HTC. 2.Today, the petitioners have filed an affidavit before this Court wherein, they have stated in paragraph Nos.2 & 3 as follows:- "2.The petitioners have sought for interim stay of the impugned circular dated 07.04.2014 issued by the third respondent read with the e-circular dated 15.04.2014 issued by the first respondent and signed by the second respon....

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....ducting tax at source treating it as an income. The Corporate Office of the Bank has instructed the branches to deal with the Income Tax Department. According to the learned counsel, the Bank would be paying LTC amount pursuant to the interim orders granted by this court and as such the said amount cannot be treated as income. 4. I have also heard the learned counsel for the Bank. 5. There is no....