Section 194C and 194LA doesn’t apply as TDR certificates issued in lieu of compensation

Pune Municipal Corporation Vs ACIT (Bombay High Court) Bombay High Court held that Section 194C and Section 194LA of the Income Tax Act would not apply when TDR Certificates are issued in lieu of compensation. Accordingly, order passed u/s. 201 and 201(1A) stayed. Facts- The present Writ Petition is filed to quash and set aside the impugned Order passed u/s. 201 and 201 (1A) of the Income Tax Act 1961 and the impugned Demand Notice issued pursuant thereto u/s. 156. By the impugned Order, the Petitioner has been held as an Assessee in default for not deducting TDS u/s. 194C, at the time of issu...