https://www.taxtmi.com/highlights?id=58976 TDS u/s 194LA - tds on market value of Development Right’s Certificate (DRC) - the Hon’ble High Court held that the provisions of section 194LA of the Act are not attracted to a case of issue of DRCs by the BBMP for acquisition of land and therefore the assessee cannot be considered as an assessee in default under section 201(1) of the Act. - the provisions of section 194CA of the Act are not applicable / attracted in the facts and circumstances of the case - AT en-us Thu, 29 Jul 2021 13:43:11 +0530 Thu, 29 Jul 2021 13:43:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=58976 TDS u/s 194LA - tds on market value of Development Right’s Certificate (DRC) - the Hon’ble High Court held that the provisions of section 194LA of the Act are not attracted to a case of issue of DRCs by the BBMP for acquisition of land and therefore the assessee cannot be considered as an assessee in default under section 201(1) of the Act. - the provisions of section 194CA of the Act are not applicable / attracted in the facts and circumstances of the case - AT Highlights Income Tax Thu, 29 Jul 2021 13:43:11 +0530 https://www.taxtmi.com/highlights?id=58976