ITAT deleted Sec. 271C penalty as SBI was under bona fide belief that foreign travel also included in LTA claim

IT : Where assessee bank had undertaken reasonable steps in terms of verifying assessee's claim towards their Leave Fare Concession (LFC) claims and was aware of employees travelling to foreign countries as part of their travel itinerary but at same time, there was an error of judgment on part of assessee bank in understanding and applying provisions of section 10(5) as it always considered LFC claim as exempt under section 10(5) and,

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