Karnataka HC Upholds TDS Demand on Foreign LTC as Section 10(5) Inapplicable

State Bank of India Vs DCIT (Karnataka High Court) The Karnataka High Court condoned a delay of 90 days in filing the appeal under Section 260A of the Income Tax Act, 1961, challenging the order of the Income Tax Appellate Tribunal dated 28.06.2024 for AY 2016-17. The appeal arose from proceedings where penalty and interest were imposed under Sections 201(1) and 201(1A) for failure to deduct TDS under Section 192(1) on reimbursement of Leave Travel Concession (LTC) granted to employees who undertook foreign travel. Read SC Interim Order in this case: SC Stays TDS Demand Notices Against SBI in...