https://www.taxtmi.com/caselaws?id=357704 The ITAT dismissed the revenue's appeal, upholding the Ld. CIT(A)'s order in favor of the assessee regarding the lease premium's treatment under Sec. 194I of the Income-tax Act, 1961. The decision emphasized the capital nature of the premium, distinguishing it from rent and aligning with previous rulings. The judgment highlighted the significance of correctly categorizing payments for tax purposes, reinforcing the understanding of capital expenditure under the law. en-us Fri, 23 Mar 2018 00:00:00 +0530 Tue, 27 Mar 2018 18:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357704 The ITAT dismissed the revenue's appeal, upholding the Ld. CIT(A)'s order in favor of the assessee regarding the lease premium's treatment under Sec. 194I of the Income-tax Act, 1961. The decision emphasized the capital nature of the premium, distinguishing it from rent and aligning with previous rulings. The judgment highlighted the significance of correctly categorizing payments for tax purposes, reinforcing the understanding of capital expenditure under the law. Case-Laws Income Tax Fri, 23 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357704