ITAT rulings favor SBI, employee and individual in Indian tax disputes

The Income Tax Appellate Tribunal (ITAT) in Ahmedabad quashed a Rs 5.44 lakh tax‑deducted‑at‑source demand on the State Bank of India concerning leave‑fare concession payments for foreign travel, allowing the bank’s appeals for assessment years 2016‑17 and 2017‑18.

In Bangalore, the ITAT ordered a fresh examination of a foreign tax‑credit claim filed by a United States green‑card holder employed by Thomson Reuters India. The tribunal found that, although the original claim was rejected for missing Form 67 at the time of filing, the required documents had since been submitted and remitted the matter to the Commissioner of Income Tax (Appeals) for reconsideration.

The Delhi bench of the ITAT cancelled a penalty under Section 271AAB on behalf of an individual after concluding that the show‑cause notice did not specify the applicable clause of the provision, rendering the penalty order invalid.