https://www.taxtmi.com/caselaws?id=191937 The Tribunal held that the premium paid by the Assessee to MMRDA for acquiring certain areas for construction was not considered rent under section 194I of the Income Tax Act. The decision was based on legal precedents and lack of distinguishing features from previous cases. The appeal of the revenue was dismissed, affirming the ruling of the ld. CIT (Appeals) that the premium payment was a capital expenditure, not rent. en-us Wed, 22 Feb 2017 00:00:00 +0530 Thu, 04 May 2017 10:11:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191937 The Tribunal held that the premium paid by the Assessee to MMRDA for acquiring certain areas for construction was not considered rent under section 194I of the Income Tax Act. The decision was based on legal precedents and lack of distinguishing features from previous cases. The appeal of the revenue was dismissed, affirming the ruling of the ld. CIT (Appeals) that the premium payment was a capital expenditure, not rent. Case-Laws Income Tax Wed, 22 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191937