https://www.taxtmi.com/caselaws?id=337489 A one-time upfront premium paid for acquisition of long-term leasehold rights was treated as capital in nature and not as rent, because it was not adjustable against periodic lease rent. On that basis, the payment fell outside section 194I, so no tax was deductible at source. As the threshold for TDS liability was not met, the consequential demand and default treatment under sections 201(1) and 201(1A) could not stand. en-us Wed, 09 Nov 2016 00:00:00 +0530 Mon, 09 Jan 2017 12:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337489 A one-time upfront premium paid for acquisition of long-term leasehold rights was treated as capital in nature and not as rent, because it was not adjustable against periodic lease rent. On that basis, the payment fell outside section 194I, so no tax was deductible at source. As the threshold for TDS liability was not met, the consequential demand and default treatment under sections 201(1) and 201(1A) could not stand. Case-Laws Income Tax Wed, 09 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337489