https://www.taxtmi.com/caselaws?id=435464 The Tribunal differentiated between rent and Common Area Maintenance (CAM) charges, ruling that CAM charges were not in the nature of rent and should be treated under section 194C instead of section 194I of the Income Tax Act. The Tribunal emphasized that CAM charges were for specific maintenance services unrelated to the leased area, distinct from rent for the use of premises. The decision highlighted the need to accurately classify and apply tax deductions to CAM charges, supporting the assessee's position and directing the Assessing Officer to re-compute the charges under section 194C. en-us Thu, 09 Feb 2023 00:00:00 +0530 Mon, 20 Mar 2023 14:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435464 The Tribunal differentiated between rent and Common Area Maintenance (CAM) charges, ruling that CAM charges were not in the nature of rent and should be treated under section 194C instead of section 194I of the Income Tax Act. The Tribunal emphasized that CAM charges were for specific maintenance services unrelated to the leased area, distinct from rent for the use of premises. The decision highlighted the need to accurately classify and apply tax deductions to CAM charges, supporting the assessee's position and directing the Assessing Officer to re-compute the charges under section 194C. Case-Laws Income Tax Thu, 09 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435464