https://www.taxtmi.com/caselaws?id=246111 Lease premium paid for grant of leasehold rights in land was analysed on a substance-over-form basis and held not to be rent within section 194-I. The payment was treated as consideration for transfer of substantial leasehold rights, not a periodic amount for use of land, having regard to the lease structure, the developer's obligations, and the way the premium was computed. On that footing, no tax was deductible at source on the amount, and the demand under sections 201(1) and 201(1A) was deleted. en-us Wed, 09 Apr 2014 00:00:00 +0530 Thu, 17 Apr 2014 06:23:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246111 Lease premium paid for grant of leasehold rights in land was analysed on a substance-over-form basis and held not to be rent within section 194-I. The payment was treated as consideration for transfer of substantial leasehold rights, not a periodic amount for use of land, having regard to the lease structure, the developer's obligations, and the way the premium was computed. On that footing, no tax was deductible at source on the amount, and the demand under sections 201(1) and 201(1A) was deleted. Case-Laws Income Tax Wed, 09 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246111