https://www.taxtmi.com/caselaws?id=215840 The Tribunal upheld the CIT(A)'s decision in a case involving a dispute over TDS calculation and interest on lease rent. It ruled that TDS should be based on the actual agreed-upon rent of Rs. 6 Crores per annum, not the higher amount in the profit and loss account. Emphasizing the importance of real income over book entries, the Tribunal dismissed the Revenue's appeal, highlighting compliance with tax regulations in determining TDS deductions and interest payments under the Income Tax Act. en-us Fri, 20 Jul 2012 00:00:00 +0530 Mon, 20 Aug 2012 14:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215840 The Tribunal upheld the CIT(A)'s decision in a case involving a dispute over TDS calculation and interest on lease rent. It ruled that TDS should be based on the actual agreed-upon rent of Rs. 6 Crores per annum, not the higher amount in the profit and loss account. Emphasizing the importance of real income over book entries, the Tribunal dismissed the Revenue's appeal, highlighting compliance with tax regulations in determining TDS deductions and interest payments under the Income Tax Act. Case-Laws Income Tax Fri, 20 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215840