Supreme Court Upholds TDS on LTC for Foreign Travel: State Bank of India vs. Assistant Commissioner of Income Tax (2022)

/ Income Tax Act, 1961, Income Tax Act, 1961 with Section 10(5), Income Tax Act, 1961 with Section 192(1), Income Tax Act, 1961 with Section 201, Judges, S. Ravindra Bhat, Sudhanshu Dhulia, Uday Umesh Lalit

Supreme Court Upholds TDS on LTC for Foreign Travel: State Bank of India vs. Assistant Commissioner of Income Tax (2022) LEGAL ISSUE: Whether Leave Travel Concession (LTC) availed by employees, involving a foreign leg in the travel itinerary, is exempt from tax under Section 10(5) of the Income Tax Act, 1961, and whether the employer […]

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