https://www.taxtmi.com/caselaws?id=327984 The Tribunal allowed the appeal of the assessee, ruling that payments made to RIICO were for acquiring leasehold rights, not for land use, thus not subject to TDS under Section 194I. Consequently, the imposition of tax liability and interest under Sections 201(1) and 201(1A) was quashed. The Tribunal also noted a payment amount discrepancy by the ACIT in favor of the assessee. The ACIT's order imposing TDS and interest was deemed legally unsustainable. en-us Fri, 13 May 2016 00:00:00 +0530 Tue, 24 May 2016 10:31:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327984 The Tribunal allowed the appeal of the assessee, ruling that payments made to RIICO were for acquiring leasehold rights, not for land use, thus not subject to TDS under Section 194I. Consequently, the imposition of tax liability and interest under Sections 201(1) and 201(1A) was quashed. The Tribunal also noted a payment amount discrepancy by the ACIT in favor of the assessee. The ACIT's order imposing TDS and interest was deemed legally unsustainable. Case-Laws Income Tax Fri, 13 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327984