https://www.taxtmi.com/caselaws?id=270774 The Tribunal upheld the CIT(A)'s decision that the payment made by the assessee company to CIDCO for lease premium was for acquiring a capital asset, not rent. Therefore, no TDS was required under Section 194I. The assessee company was not considered 'assessee in default' under Sections 201(1) and 201(1A). The Revenue's appeal was dismissed, affirming the deletion of the AO's additions. en-us Fri, 23 Oct 2015 00:00:00 +0530 Fri, 15 Jan 2016 11:29:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270774 The Tribunal upheld the CIT(A)'s decision that the payment made by the assessee company to CIDCO for lease premium was for acquiring a capital asset, not rent. Therefore, no TDS was required under Section 194I. The assessee company was not considered 'assessee in default' under Sections 201(1) and 201(1A). The Revenue's appeal was dismissed, affirming the deletion of the AO's additions. Case-Laws Income Tax Fri, 23 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270774