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2015 (12) TMI 28 - AT - Income TaxTDS u/s 194I - non deduction of TDS - assessee in default - agreement of lease and the nature of payment of rent - CIT(A) deleted the disallowance - Held that:- The Tribunal has been taking a consistent view after taking into consideration the agreement of lease and the nature of payment and also the scope and ambit of definition of "rent" as given in section 194I, that no TDS is required to be deducted on such a premium paid for acquisition of rights in the land taken by way of lease from MMRDA and, therefore, assessee cannot be treated as assessee in default u/s 201(1) and consequently no interest is chargeable u/s 201(1A). Accordingly we uphold the order of the CIT(A) and dismiss the grounds raised by the revenue. - Decided in favour of assessee.
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