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2011 (8) TMI 10 - HC - Income Taxconstitutional validity of Section 194LA - if the amount of compensation was paid immediately after the Award, then there would have been no question of deducting tax at source under Section 194LA - The object of Section 194LA as per the CBDT Circular No.5 of 2005 dated 15th July 2005 is to curb the tendency of evading taxes by not reporting the income comprised in the compensation received on acquisition of immovable property - the argument that Section 194LA purports to imposetax on the cost of the land acquired under the Land Acquisition Act is without any merit - the petition is dismissed
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