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TDS Non-Deduction on LTC Under Court Stay Cannot Trigger Section 201 Liability: Kerala HC
Case Law Details
- Case Name
- State Bank of India Vs CIT (Kerala High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2016-17
- Courts
- All High Courts, Kerala High Court
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State Bank of India Vs CIT (Kerala High Court)
The appeal was filed by the assessee, a nationalised bank, challenging the Tribunal’s order dated 09.12.2024 upholding action taken under Section 201(1) and 201(1A) of the Income Tax Act for Assessment Year 2016–17. The dispute concerns whether the bank could be treated as an “assessee in default” for not deducting TDS on Leave Travel Concession (LTC) payments made to its employees during financial year 2015–16.
The bank had issued a circular on 15.04.2014 withdrawing LTC benefits relating to overseas travel. This circul...
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