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2016 (6) TMI 528 - AT - Income TaxTDS u/s 194I - non deduction of tds on lease premium paid to Pimpri Chinchwad New Township Development Authority (PCNTDA) - demand raised under section 201(1) and 201(1A) - Held that:- The issue arising in the present appeal before us is identical to the issue before the Tribunal in ITO vs. Camp Education Society (2014 (10) TMI 902 - ITAT PUNE) and following the same parity of reasoning, we hold that the assessee is not liable to deduct tax at source out of the lease premium payments paid to PCNTDA. Accordingly, we uphold the order of the CIT(A) in holding that the lease premium paid by the assessee was outside the purview of section 194I of the Act and the Assessing Officer was not justified in raising the demand under section 201(1) of the Act and charging interest under section 201(1A) of the Act. - Decided in favour of assessee.
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