https://www.taxtmi.com/caselaws?id=305770 Compensation paid in a redevelopment project for temporary alternate accommodation was treated as compensatory payment, not rent, because it was made to offset the developer's inability to provide substitute premises during redevelopment. The amount also did not constitute consideration for transfer of immovable property on the facts, so no tax deduction at source obligation arose under the relevant provisions. As no TDS default existed, the consequential disallowance under section 40(a)(ia) could not be sustained. The assessee's position was accepted and the addition based on non-deduction of tax from the compensation was deleted. en-us Mon, 25 Apr 2022 00:00:00 +0530 Thu, 22 Dec 2022 21:08:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305770 Compensation paid in a redevelopment project for temporary alternate accommodation was treated as compensatory payment, not rent, because it was made to offset the developer's inability to provide substitute premises during redevelopment. The amount also did not constitute consideration for transfer of immovable property on the facts, so no tax deduction at source obligation arose under the relevant provisions. As no TDS default existed, the consequential disallowance under section 40(a)(ia) could not be sustained. The assessee's position was accepted and the addition based on non-deduction of tax from the compensation was deleted. Case-Laws Income Tax Mon, 25 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305770