Case Law Details
Case Name : Rajesh Projects (India) Pvt. Ltd Vs CIT (TDS) (Delhi High Court)
Related Assessment Year :
Courts :
All High Courts Delhi High Court
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Sponsored
(1) Amounts paid as part of the lease premium in terms of the time-schedule(s) to the Lease Deeds executed between the petitioners and GNOIDA, or bi-annual or annual payments for a limited/specific period towards acquisition of lease hold rights are not subject to TDS, being capital payments;
(2) Amounts constituting annual lease rent, expressed in terms of percentage (e.g. 1%) of the total premium for the duration of the lease, are rent, and therefore subject to TDS. Since the petitioners could not make the deductions due to
Please become a Premium member. If you are already a Premium member, login here to access the full content.
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.
My phone No. is 9811071842
CA. Y.K.Gupta
I want to buy your membership to use your site and case laws.
pls. call me or send your mail to me at my mail id… ykgupta@sunworld.in
Regards.
CA. Y.K.Gupta
NOIDA is a body of State Gov and all the assets and liability on desolution will go to State as per the Industrial Development Act. But as the issue before SC against the order of Allahabad High Court and no other decision of any court which says that Development authority runs by State is local authority as per the provision of the Income Tax Act. Matter has to be considered by the Central and State Gov both in the interest of nation development and business men too.