Supreme Court of India
State Bank of India v. Assistant Commissioner of Income Tax
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
From the headnote
Income Tax Act, 1961: ss. 10(5), 192(1), 201 – Deduction of tax at source from salary of employee – Consequences of failure to deduct or pay – Employees of assessee bank availed Leave Travel Concession (LTC) taking a circuitous route, they travel led not just within india but their journey involved a foreign leg also, and was also not the shortest route – Assessee bank while releasing payments to its employees as LTC, did not deduct the tax at source of its employees – Tribunal as also the High Court held the assessee bank in default for not deducting TDS of its employees – On appeal, held:
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