https://www.taxtmi.com/caselaws?id=67195 The Tribunal dismissed the Departmental appeals and partly allowed the assessee's appeals for statistical purposes. It upheld the applicability of Section 194-I of the IT Act to the licence fees paid, confirming the assessee's liability for non-deduction of TDS, as the agreement was deemed to be a composite one for renting the entire factory premises. However, the Tribunal directed the AO to verify the dates of tax payments by the licensor before calculating interest under Section 201(1A), emphasizing the mandatory nature of interest, subject to verification. en-us Fri, 23 May 2008 00:00:00 +0530 Mon, 11 Dec 2023 15:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67195 The Tribunal dismissed the Departmental appeals and partly allowed the assessee's appeals for statistical purposes. It upheld the applicability of Section 194-I of the IT Act to the licence fees paid, confirming the assessee's liability for non-deduction of TDS, as the agreement was deemed to be a composite one for renting the entire factory premises. However, the Tribunal directed the AO to verify the dates of tax payments by the licensor before calculating interest under Section 201(1A), emphasizing the mandatory nature of interest, subject to verification. Case-Laws Income Tax Fri, 23 May 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67195