Summary
- The Income Tax Appellate Tribunal (ITAT), Chennai, has allowed four appeals by State Bank of India regarding non-deduction of TDS on Leave Travel Concession (LTC) for foreign travel.
- The Tribunal ruled that SBI acted in compliance with Madras High Court directions, which prohibited TDS deductions during the relevant assessment years 2016-17 and 2017-18.
- This decision relied heavily on a precedent set by the Kerala High Court, affirming that compliance with judicial orders shields the bank from being treated as an "assessee in default."
- The ruling underscores the importance of judicial directives in tax obligations, potentially influencing future cases involving TDS and court orders.
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