https://www.taxtmi.com/caselaws?id=339409 The court ruled on the interpretation of various sections of the Income Tax Act in a case involving lease payments and interest to GNOIDA. It held that lease premium payments are not subject to TDS, annual lease rent is subject to TDS, and interest payments are exempt under Section 194A(3)(f). GNOIDA was directed to comply with TDS provisions, reimburse petitioners for excess TDS, and the Revenue was instructed not to pursue coercive recovery methods. The court quashed the orders and directed GNOIDA to comply within 12 weeks, with the writ petitions allowed at no costs. en-us Thu, 16 Feb 2017 00:00:00 +0530 Tue, 09 May 2017 17:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339409 The court ruled on the interpretation of various sections of the Income Tax Act in a case involving lease payments and interest to GNOIDA. It held that lease premium payments are not subject to TDS, annual lease rent is subject to TDS, and interest payments are exempt under Section 194A(3)(f). GNOIDA was directed to comply with TDS provisions, reimburse petitioners for excess TDS, and the Revenue was instructed not to pursue coercive recovery methods. The court quashed the orders and directed GNOIDA to comply within 12 weeks, with the writ petitions allowed at no costs. Case-Laws Income Tax Thu, 16 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339409