No Section 194IA TDS on payment not related to transfer of immovable property

Prestige Estates Projects Ltd. Vs ACIT (ITAT Bangalore)

In our opinion, even if it is advance payment, it is not linked to the transfer of immovable property as enumerated in Section 194-IA of the Act, since the condition laid down in Section 2(47)(v) of the Act was not complied with within the meaning of Section 53A of the T.P. Act, so as to deduct TDS by the assessee on the sa

Please become a Premium member. If you are already a Premium member, login here to access the full content.