No Section 194IC TDS on Alternate Accommodation Charges: ITAT Mumbai

ITO Vs N Rose Developers Private Limited (ITAT Mumbai) The ITAT Mumbai dismissed appeals filed by the Income Tax Officer (ITO), challenging the Commissioner of Income Tax (Appeals)’s (CIT(A)) order, which held that N Rose Developers Private Limited was not liable to deduct tax under Section 194IC of the Income Tax Act, 1961, on payments made as compensation for alternate accommodation. The assessee, a real estate developer, had made these payments to occupants of a building under redevelopment, as per a development agreement. The Assessing Officer (AO) argued that these payments were sub...