https://www.taxtmi.com/caselaws?id=438634 The Tribunal ruled in favor of the assessee, holding that Common Area Maintenance (CAM) charges are subject to TDS at 2% under section 194C, not at 10% under section 194I of the Income Tax Act. The Tribunal emphasized that CAM charges are for maintenance services, not for the use of premises, and cited previous decisions supporting this interpretation. The appeals of the assessee against the default treatment by the AO were allowed, with the Tribunal directing that CAM charges are indeed liable for TDS at the lower rate of 2%. en-us Wed, 31 May 2023 00:00:00 +0530 Fri, 02 Jun 2023 15:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438634 The Tribunal ruled in favor of the assessee, holding that Common Area Maintenance (CAM) charges are subject to TDS at 2% under section 194C, not at 10% under section 194I of the Income Tax Act. The Tribunal emphasized that CAM charges are for maintenance services, not for the use of premises, and cited previous decisions supporting this interpretation. The appeals of the assessee against the default treatment by the AO were allowed, with the Tribunal directing that CAM charges are indeed liable for TDS at the lower rate of 2%. Case-Laws Income Tax Wed, 31 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438634