The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ), on Friday deleted the penalty proceedings initiated by the tax department against the State bank of India ( SBI ) for not deducting TDS on LTC to its employees on travel outside India stating that there was a reasonable cause on the part […]
The post TDS Default by SBI on LTC Payments: ITAT deletes Penalty appeared first on Taxscan | Simplifying Tax Laws.
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