https://www.taxtmi.com/caselaws?id=752110 The Bombay HC ruled that TDS under section 194I is not applicable on transit rent paid by developers to tenants. The court held that transit rent, commonly known as hardship/rehabilitation/displacement allowance, is compensation paid by developers to tenants for dispossession hardship, not traditional rent paid by tenant to landlord. Since transit rent is not a revenue receipt and not taxable, no TDS deduction is required. The assessee's appeal was allowed. en-us Mon, 15 Apr 2024 00:00:00 +0530 Wed, 23 Oct 2024 14:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752110 The Bombay HC ruled that TDS under section 194I is not applicable on transit rent paid by developers to tenants. The court held that transit rent, commonly known as hardship/rehabilitation/displacement allowance, is compensation paid by developers to tenants for dispossession hardship, not traditional rent paid by tenant to landlord. Since transit rent is not a revenue receipt and not taxable, no TDS deduction is required. The assessee's appeal was allowed. Case-Laws Income Tax Mon, 15 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752110