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2015 (6) TMI 209 - AT - Income TaxLiability to TDS u/s 194I- payment made by the assessee being lease premium - CIT(A)deleted the addition - Held that:- As the issue involved in the present case as well as all the material facts relevant thereto are similar to the case of Wadhwa & Associates Realtors Pvt. Ltd. (2013 (9) TMI 261 - ITAT MUMBAI) as well as Shree Naman Hotels Pvt. Ltd. (2013 (9) TMI 309 - ITAT MUMBAI) decided by the Tribunal, we respectfully follow the decisions rendered in the said cases by the co-ordinate Bench of this Tribunal and uphold the impugned order of the ld. CIT(A) holding that the lease premium paid by the assessee to CIDCO not being in the nature of rent as contemplated in section 194-I of the Act, the assessee was not liable to deduct tax at source from the said payment and hence could not be treated as the assessee in default u/s 201(1) & 201(1A) of the Act. The appeal filed by the Revenue is accordingly dismissed. - Decided in favour of assesse.
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