https://www.taxtmi.com/caselaws?id=396399 The Tribunal ruled in favor of the assessee, a State Government undertaking, in a tax dispute regarding TDS deductions on rent payments. The Tribunal held that the assessee should not be treated as an assessee in default for not deducting TDS on rent payments to Krishi Upaj Mandi Samiti, as the payee's income was exempt and met the conditions outlined in CBDT circulars. Additionally, the Tribunal found that the assessee had complied with TDS provisions for rent payments to co-owners of Sadhana Enterprises, and the revenue authorities failed to prove otherwise. As a result, the appeal of the assessee was allowed. en-us Tue, 26 May 2020 00:00:00 +0530 Mon, 28 Dec 2020 17:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396399 The Tribunal ruled in favor of the assessee, a State Government undertaking, in a tax dispute regarding TDS deductions on rent payments. The Tribunal held that the assessee should not be treated as an assessee in default for not deducting TDS on rent payments to Krishi Upaj Mandi Samiti, as the payee's income was exempt and met the conditions outlined in CBDT circulars. Additionally, the Tribunal found that the assessee had complied with TDS provisions for rent payments to co-owners of Sadhana Enterprises, and the revenue authorities failed to prove otherwise. As a result, the appeal of the assessee was allowed. Case-Laws Income Tax Tue, 26 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396399