https://www.taxtmi.com/caselaws?id=346474 The High Court upheld the Tribunal's decision, ruling in favor of the assessee regarding the determination of TDS applicability under Section 194LA. The Court found that the land acquired was agricultural based on records and Explanation (I) of Section 194LA, thus no TDS deduction was required. The Court emphasized that the nature of the land should be assessed based on its actual and intended use, aligning with established legal precedents. The appeals challenging the TDS obligation were dismissed by the High Court. en-us Thu, 03 Aug 2017 00:00:00 +0530 Wed, 16 Aug 2017 08:29:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346474 The High Court upheld the Tribunal's decision, ruling in favor of the assessee regarding the determination of TDS applicability under Section 194LA. The Court found that the land acquired was agricultural based on records and Explanation (I) of Section 194LA, thus no TDS deduction was required. The Court emphasized that the nature of the land should be assessed based on its actual and intended use, aligning with established legal precedents. The appeals challenging the TDS obligation were dismissed by the High Court. Case-Laws Income Tax Thu, 03 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346474