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Income Tax - Highlights / Catch Notes

Home Highlights August 2023 Year 2023 This

Exemption u/s 10(5) denied - reimbursement of Leave Travel ...

Case Laws     Income Tax

August 1, 2023

Exemption u/s 10(5) denied - reimbursement of Leave Travel concession - The appellant cannot claim ignorance about the travel plans of its employees as during settlement of LTC Bills the complete facts are available before the assessee about the details of their employees” travels. Therefore, it cannot be a case of bonafide mistake - AT

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