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2015 (2) TMI 1378 - HC - Indian LawsEntitlement to officers/employees to visit overseas countries/centres as part of LTC/HTC - validity of circular issued by the State Bank of India - reimbursement of LTC - HELD THAT:- There is no dispute that the Bank would be paying LTC amount to the concerned officers pursuant to the interim order granted by this Court. Interim Order is subject to the result of the writ petition. The learned counsel for the petitioner is correct in his contention that the there is no taxable income for deduction at source. The interim order granted by this Court is explained to the effect that any amount paid to the petitioner towards LTC or re-imbursement of LTC pursuant to the impugned order would not amount to income so as to enable the Bank to deduct tax at source. It is made clear that if the writ petition is dismissed, the employees are liable to pay tax on the amount paid by Bank. Post the writ petition for final disposal on 15.06.2015. The interim order already granted with this modification would continue till the disposal of the writ petition.
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