Receipt of immovable property requires actual possession or enjoyment; redevelopment allotments exchanged for tenancy rights fall outside deemed incom...
Section 80P deduction covers Souharda credit societies, including qualifying surplus-deposit interest, subject to member KYC verification for cash dep...
Transfer-pricing benchmarking and capital-receipt principles sustained taxpayer relief, while unsupported property-advance write-offs remained disallo...
Common area maintenance charges paid under separate service arrangements were treated as contractual payments, not rent, because they did not represent consideration for use of land, building or premises. The Tribunal followed its earlier co-ordinate Bench view and held that TDS was correctly deducted under section 194C on maintenance services, not under section 194I. The Revenue's short-deduction demand under sections 201(1) and 201(1A) therefore did not survive, and the relief granted by the CIT(A) was upheld for all three assessment years.
Common area maintenance charges paid under separate service arrangements were treated as contractual payments, not rent, because they did not represent consideration for use of land, building or premises. The Tribunal followed its earlier co-ordinate Bench view and held that TDS was correctly deducted under section 194C on maintenance services, not under section 194I. The Revenue's short-deduction demand under sections 201(1) and 201(1A) therefore did not survive, and the relief granted by the CIT(A) was upheld for all three assessment years.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4798
Join Channel
TaxTMI 
