Reversal of TDS having regard to reimbursement of allowance by LIC - Benefit of section 89(1) - The...

Reversal of TDS having regard to reimbursement of allowance by LIC - Benefit of section 89(1) - The stereotypical approach adopted by the DCIT was clearly not warranted. What the Central Government or the State Government might permit their employees or officers under the employment or having authority of law cannot blindly be applied to other organisations – even to the Public Sector Units .....

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