https://www.taxtmi.com/caselaws?id=268063 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision that the lease premium payment to PCNTDA, being a pre-condition for entering into the lease agreement and not constituting rent under section 194I, was not subject to TDS. The Tribunal also noted that stamp duty was paid on the market value of the plot represented by the lease premium, further supporting the decision. The appeal was thus rejected, affirming the order of the CIT(A) in favor of the assessee. en-us Fri, 16 Jan 2015 00:00:00 +0530 Thu, 19 Nov 2015 12:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268063 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision that the lease premium payment to PCNTDA, being a pre-condition for entering into the lease agreement and not constituting rent under section 194I, was not subject to TDS. The Tribunal also noted that stamp duty was paid on the market value of the plot represented by the lease premium, further supporting the decision. The appeal was thus rejected, affirming the order of the CIT(A) in favor of the assessee. Case-Laws Income Tax Fri, 16 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268063