Assessee Bank Cannot Be Assessee-in-Default for Non-Deduction of TDS on LFC Governed by High Court’s Interim Stay
Assessee Bank Cannot Be Assessee-in-Default for Non-Deduction of TDS on LFC Governed by High Court’s Interim Stay Issue Whether an employer-bank can be treated as an assessee-in-default under Section 201(1)/201(1A) for failing to deduct tax at source under Section 192 on Leave Fare Concession (LFC) reimbursements involving foreign travel, when non-deduction was made in compliance… Read More »