https://www.taxtmi.com/caselaws?id=450190 Bombay HC held that storage charges paid by assessee did not attract TDS under Section 194I at 20%. The court determined that storage tanks do not qualify as "land" or "building" within Section 194I's meaning. Since there was no lease, sub-lease, or tenancy arrangement involving land/building with furniture and fittings, the provision was inapplicable. The payments were not liable for TDS deduction under Section 194I provisions. Decision favored the assessee. en-us Fri, 23 Feb 2024 00:00:00 +0530 Wed, 28 Aug 2024 11:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450190 Bombay HC held that storage charges paid by assessee did not attract TDS under Section 194I at 20%. The court determined that storage tanks do not qualify as "land" or "building" within Section 194I's meaning. Since there was no lease, sub-lease, or tenancy arrangement involving land/building with furniture and fittings, the provision was inapplicable. The payments were not liable for TDS deduction under Section 194I provisions. Decision favored the assessee. Case-Laws Income Tax Fri, 23 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450190