https://www.taxtmi.com/caselaws?id=411133 The appeals challenged the order under Section 201(1)/201(IA) of the Act regarding non-deduction of tax at source on property purchase. The Tribunal held that the threshold limit of Rs. 50,00,000 under Section 194IA applies property-wise, not transferee-wise. Each transferee is considered a separate entity for tax purposes. As the assessee's share was below the threshold, no TDS was required. The Tribunal set aside the demands under Section 201(1) and 201(IA) of the Act in favor of the assessee in both cases, pronouncing the orders on 16/08/2021. en-us Mon, 16 Aug 2021 00:00:00 +0530 Wed, 18 Aug 2021 09:27:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411133 The appeals challenged the order under Section 201(1)/201(IA) of the Act regarding non-deduction of tax at source on property purchase. The Tribunal held that the threshold limit of Rs. 50,00,000 under Section 194IA applies property-wise, not transferee-wise. Each transferee is considered a separate entity for tax purposes. As the assessee's share was below the threshold, no TDS was required. The Tribunal set aside the demands under Section 201(1) and 201(IA) of the Act in favor of the assessee in both cases, pronouncing the orders on 16/08/2021. Case-Laws Income Tax Mon, 16 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411133