https://www.taxtmi.com/caselaws?id=178328 The Tribunal upheld the CIT(A)'s decision that the assessee was not liable to deduct tax at source under section 194I for lease premium payments, considering them as capital expenditure, not rent. Previous decisions supported this interpretation, leading to the dismissal of revenue's appeals and cross-objections for assessment years 2009-10 and 2011-12. The Tribunal's order in September 2013 affirmed that the nature of the transaction did not warrant TDS deduction, aligning with established legal precedents. en-us Thu, 12 Sep 2013 00:00:00 +0530 Wed, 16 Nov 2016 12:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178328 The Tribunal upheld the CIT(A)'s decision that the assessee was not liable to deduct tax at source under section 194I for lease premium payments, considering them as capital expenditure, not rent. Previous decisions supported this interpretation, leading to the dismissal of revenue's appeals and cross-objections for assessment years 2009-10 and 2011-12. The Tribunal's order in September 2013 affirmed that the nature of the transaction did not warrant TDS deduction, aligning with established legal precedents. Case-Laws Income Tax Thu, 12 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178328