TDS deductible u/s. 192 on reimbursement of Leave Travel Concession: ITAT Delhi

ACIT Vs State Bank of India (ITAT Delhi) ITAT Delhi held that TDS is required to be deducted under section 192 of the Income Tax Act on the reimbursement of LTC (Leave Travel Concession) /LFC (Leave Fare Concession) and HTC (Home Travel Concession). Facts- Issue involved in the present appeal of the Revenue is whether TDS is liable to be deducted on the LTC paid to employees. Conclusion- Held that Hon’ble Supreme Court in the case of the assessee in Civil Appeal No.8181 of 2022 arising out of SLP(C) No.. 9876 of 2020 dated -4.11.2022 affirmed the order of the Hon’ble Delhi High Cou...