https://www.taxtmi.com/caselaws?id=420235 The ITAT upheld the CIT(A)'s decision that the appellant was liable to deduct TDS on lease rent payments to the Noida Authority under Section 194-I of the Income Tax Act, 1961. The appellant's argument that the lease rent was capital in nature was rejected, and it was determined that the payments constituted revenue. The ITAT dismissed the appeal, relying on the Supreme Court's ruling that TDS deduction is mandatory for lease payments under Section 194-I, ultimately settling the matter. en-us Fri, 11 Mar 2022 00:00:00 +0530 Tue, 29 Mar 2022 18:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420235 The ITAT upheld the CIT(A)'s decision that the appellant was liable to deduct TDS on lease rent payments to the Noida Authority under Section 194-I of the Income Tax Act, 1961. The appellant's argument that the lease rent was capital in nature was rejected, and it was determined that the payments constituted revenue. The ITAT dismissed the appeal, relying on the Supreme Court's ruling that TDS deduction is mandatory for lease payments under Section 194-I, ultimately settling the matter. Case-Laws Income Tax Fri, 11 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420235