Commissioner Of Income Tax vs M/S. Larsen & Toubro Ltd

The Supreme Court dismissed the Civil Appeals filed by the Commissioner of Income Tax, ruling that there is no statutory obligation under the Income Tax Act, 1961, for employers to collect evidence regarding the utilization of Leave Travel Concession or Conveyance Allowance by employees. The Court clarified that the exemption under Section 10(5) is intended for individual employees and that no CBDT circular mandates such evidence collection by employers under Section 192. Consequently, the appeals were dismissed with no order as to costs.