Nestle India Ltd. vs Assistant Commissioner Of Income Tax

Whether reimbursement of conveyance allowance to employees for commuting between office and residence constitutes salary requiring TDS under Section 192 --- Held No. Whether the assessee-employer can be deemed an assessee in default under Section 201(1) for not deducting TDS on such conveyance allowance --- Held No, as the assessee acted under bona fide belief based on judicial precedents and CBDT circulars. Whether interest under Section 201(1A) is leviable --- Held No.