Charges for Seconding entitlement rights of assured supply of railway rakes is not rent u/s. 194I

IN THE ITAT CUTTACK BENCH Bonai Industrial Co. Ltd. v/s. Deputy Commissioner of Income-tax IT APPEAL NO. 43 (CTK) OF 2012 [ASSESSMENT YEAR 2008-09] JUNE 25, 2012 ORDER K.K. Gupta, Accountant Member This appeal is by the assessee raised the following grounds of appeal. “1.  That the Assessment is arbitrary, without appreciating the facts of the case, by wrongful application of law and hence bad in Law and illegal.  2.  That the Learned A.O. erred in disallowing and the CIT(A) wrongly confirmed the application of section 40(a)(ia) to the case of the appellant in regard ...