https://www.taxtmi.com/caselaws?id=185317 Payments described as waterfront royalty or wharfage charges were examined in substance and, being consideration for use of waterfront and allied premises under the concession arrangement, were treated as rent rather than royalty; tax deduction under section 194I was therefore applicable and deduction under section 194J was not justified. The first proviso to section 201(1) was regarded as curative and beneficial, with retrospective application to pending matters; the related issue of treating the payer as an assessee in default and charging interest under section 201(1A) was remanded for fresh verification under that proviso. The rent classification was affirmed, while the section 201 issues were restored for reconsideration. en-us Fri, 23 Aug 2013 00:00:00 +0530 Tue, 13 Dec 2016 11:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185317 Payments described as waterfront royalty or wharfage charges were examined in substance and, being consideration for use of waterfront and allied premises under the concession arrangement, were treated as rent rather than royalty; tax deduction under section 194I was therefore applicable and deduction under section 194J was not justified. The first proviso to section 201(1) was regarded as curative and beneficial, with retrospective application to pending matters; the related issue of treating the payer as an assessee in default and charging interest under section 201(1A) was remanded for fresh verification under that proviso. The rent classification was affirmed, while the section 201 issues were restored for reconsideration. Case-Laws Income Tax Fri, 23 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185317