https://www.taxtmi.com/caselaws?id=166281 The High Court ruled in favor of the assessee, determining that they were not liable to deduct tax under Section 194-I of the Income Tax Act for the rent paid for plant and machinery usage. The Court found that the agreement between the assessee and the premises owner specified payment only for plant and machinery, not for land and building use. As a result, the Court dismissed the appeal filed by the Department, concluding that no penalty was warranted against the assessee. en-us Mon, 22 Aug 2005 00:00:00 +0530 Mon, 15 Sep 2014 10:24:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=166281 The High Court ruled in favor of the assessee, determining that they were not liable to deduct tax under Section 194-I of the Income Tax Act for the rent paid for plant and machinery usage. The Court found that the agreement between the assessee and the premises owner specified payment only for plant and machinery, not for land and building use. As a result, the Court dismissed the appeal filed by the Department, concluding that no penalty was warranted against the assessee. Case-Laws Income Tax Mon, 22 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=166281