https://www.taxtmi.com/caselaws?id=243283 Lease premium paid for leasehold land and additional built-up area was characterised as a price for obtaining leasehold rights, not as a periodic payment for use of land. On that basis, it did not fall within the statutory meaning of rent under section 194-I, so no obligation to deduct tax at source arose. As the amount was not rent, the consequential demand under section 201(1) and section 201(1A) could not be sustained, and the assessee could not be treated as an assessee in default. en-us Wed, 14 Aug 2013 00:00:00 +0530 Wed, 29 Jan 2014 12:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243283 Lease premium paid for leasehold land and additional built-up area was characterised as a price for obtaining leasehold rights, not as a periodic payment for use of land. On that basis, it did not fall within the statutory meaning of rent under section 194-I, so no obligation to deduct tax at source arose. As the amount was not rent, the consequential demand under section 201(1) and section 201(1A) could not be sustained, and the assessee could not be treated as an assessee in default. Case-Laws Income Tax Wed, 14 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243283