https://www.taxtmi.com/caselaws?id=773890 ITAT Ahmedabad ruled in favor of assessee regarding TDS obligations under Section 194IA for immovable property transactions. The tribunal held that where consideration paid to each transferor was below Rs. 50 lakhs, no TDS deduction was required under pre-amendment provisions. For transactions in 2017-2018, stamp duty value consideration was not applicable. The amended Section 194IA(2) requiring aggregate consideration assessment applies only from October 1, 2024. Demands under Section 201(1)/201(1A) for property purchases were deleted. However, TDS default under Section 194J for audit fees was upheld, with interest calculation referred back to AO for verification of recipient's tax payment. en-us Thu, 26 Jun 2025 00:00:00 +0530 Mon, 30 Jun 2025 08:43:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773890 ITAT Ahmedabad ruled in favor of assessee regarding TDS obligations under Section 194IA for immovable property transactions. The tribunal held that where consideration paid to each transferor was below Rs. 50 lakhs, no TDS deduction was required under pre-amendment provisions. For transactions in 2017-2018, stamp duty value consideration was not applicable. The amended Section 194IA(2) requiring aggregate consideration assessment applies only from October 1, 2024. Demands under Section 201(1)/201(1A) for property purchases were deleted. However, TDS default under Section 194J for audit fees was upheld, with interest calculation referred back to AO for verification of recipient's tax payment. Case-Laws Income Tax Thu, 26 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773890