TDS U/s. 194IA when Consideration to each transferor not exceeds Rs. 50 lakhs

Vinod Soni Vs ITO (ITAT Delhi) Where individual share of consideration paid towards immovable property purchase by four persons including the assessee amounted to less than Rs. 50 lakhs, the assessee was not liable to deduct tax under section 194IA of Income Tax Act, 1961 even if value of the property purchased under single sale deed was exceeding Rs. 50 lakhs. FULL TEXT OF THE ITAT JUDGEMENT These appeals are filed by the different Assessee against the common order dated 26.3.2015 passed by the Ld. CIT(A), Faridabad relating to assessment year 2014-15. Since the grounds raised in these appea...