Section 194IC TDS not deductible on Alternate Accommodation Charges

Nathani Parekh Constructions Pvt. Ltd. Vs ITO (ITAT Mumbai) In the case of Nathani Parekh Constructions Pvt. Ltd. vs. ITO, the primary issue before the Income Tax Appellate Tribunal (ITAT) Mumbai was whether payments made by the assessee towards alternate accommodation and hardship compensation to tenants during a redevelopment project were liable for tax deduction at source (TDS) under Section 194IC of the Income Tax Act. The Assessing Officer (AO), based on a survey conducted under Section 133A(2A), had concluded that the assessee defaulted by not deducting TDS on these payments, made under ...