https://www.taxtmi.com/caselaws?id=249349 The Tribunal affirmed the Commissioner (Appeals) order, dismissing the Revenue's appeal. The Tribunal held that the payment made by the assessee to CIDCO for acquiring leasehold rights did not qualify as rent under section 194-I of the Income Tax Act, 1961, and therefore, no tax deduction at source was required. The Tribunal relied on precedents establishing such payments as capital expenditure for acquiring land rights, not falling under the definition of rent. en-us Thu, 26 Jun 2014 00:00:00 +0530 Fri, 11 Jul 2014 09:39:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249349 The Tribunal affirmed the Commissioner (Appeals) order, dismissing the Revenue's appeal. The Tribunal held that the payment made by the assessee to CIDCO for acquiring leasehold rights did not qualify as rent under section 194-I of the Income Tax Act, 1961, and therefore, no tax deduction at source was required. The Tribunal relied on precedents establishing such payments as capital expenditure for acquiring land rights, not falling under the definition of rent. Case-Laws Income Tax Thu, 26 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249349