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2016 (3) TMI 913 - AT - Income TaxTDS u/s 194I - non deduction of tds on lease premium paid - demand raised u/s 201(1)/201(lA) - Held that:- As decided in ITO (TDS) -3, Pune Versus Shri Ajay N. Yerwadekar [2015 (11) TMI 1382 - ITAT PUNE ] where the lease premium paid to PCNTDA was a pre-condition for entering into the lease agreement, the same not being paid consequent to the execution of the lease agreement, cannot be said to be payment in lieu of rent as envisaged under section 194 I of the Act. In addition, the assessee had paid stamp duty on the market value of the plot represented by the lease premium and the said finding of the CIT(A) having not been controverted by the learned Departmental Representative for the Revenue, we find no merit in the appeal filed by the Revenue - Decided in favour of assessee
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