https://www.taxtmi.com/caselaws?id=326560 An upfront payment fixed through competitive bidding for securing a 99-year lease and a joint venture was treated as consideration for the transaction structure and future lease benefit, not as rent under Section 194-I of the Income-tax Act. Because the amount was determined before the lease deed was crystallised and answered the nature of a premium or entry consideration, no tax deduction at source arose on that footing. The amount also was not payment to the lessor, as the governing orders required most of it to be passed to the Government, so the TDS mechanism was not attracted against the recipient described as lessor. en-us Mon, 07 Mar 2016 00:00:00 +0530 Wed, 10 Aug 2016 18:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326560 An upfront payment fixed through competitive bidding for securing a 99-year lease and a joint venture was treated as consideration for the transaction structure and future lease benefit, not as rent under Section 194-I of the Income-tax Act. Because the amount was determined before the lease deed was crystallised and answered the nature of a premium or entry consideration, no tax deduction at source arose on that footing. The amount also was not payment to the lessor, as the governing orders required most of it to be passed to the Government, so the TDS mechanism was not attracted against the recipient described as lessor. Case-Laws Income Tax Mon, 07 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326560