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Assessee's Bonafide Belief on TDS Exemption for Foreign Travel LTC Protects from Default u/s. 201(1) and 201(1A) of the Income Tax Act, Rules ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) recently provided opportunity of re-adjudication on TDS exemption for foreign travel...
![Expenditure incurred on Foreign Travel by Director of Company to run Business allowable as Revenue Expenditure: ITAT grants Relief to Serum Institute of India [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/foreign-travel-business-revenue-expenditure-ITAT-Serum-Institute-of-India-taxscan.jpg "Expenditure incurred on Foreign Travel by Director of Company to run Business allowable as Revenue Expenditure: ITAT grants Relief to Serum Institute of India [Read Order]")
![Deduction for Leave Travel Concession not available to Bank Employees on Foreign Travels: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/06/NRI-Deduction-Taxscan.jpg "Deduction for Leave Travel Concession not available to Bank Employees on Foreign Travels: ITAT [Read Order]")