https://www.taxtmi.com/caselaws?id=260317 The Tribunal allowed the appeal, ruling that the payment to the consolidator was not subject to TDS deduction and should not be disallowed under Section 40(a)(ia) of the Income-tax Act. The Tribunal held that the payment was for the transfer of land rights, not for services, and thus not covered under Sections 194C or 194H. The decision was based on industry norms, the nature of the payment, and the specific terms of the MOU. The Revenue's appeal was dismissed, affirming the CIT(A)'s decision without further quantification. en-us Wed, 25 Mar 2015 00:00:00 +0530 Tue, 09 Jun 2015 10:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260317 The Tribunal allowed the appeal, ruling that the payment to the consolidator was not subject to TDS deduction and should not be disallowed under Section 40(a)(ia) of the Income-tax Act. The Tribunal held that the payment was for the transfer of land rights, not for services, and thus not covered under Sections 194C or 194H. The decision was based on industry norms, the nature of the payment, and the specific terms of the MOU. The Revenue's appeal was dismissed, affirming the CIT(A)'s decision without further quantification. Case-Laws Income Tax Wed, 25 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260317