No TDS to be deducted by Indian Newspaper Society on payment of lease premium

ACIT Vs The Indian News Paper Society (ITAT Delhi) Conclusion: Indian Newspaper Society was not required to deduct tax at source (TDS) under section 194I in respect of lease premium paid on following the orders dated 27.01.2014 and 20.06.2013 of Co-ordinate Benches of ITAT, Delhi in assessee’s own case; and after due consideration of CBDT Circular dated 13-10-2016 which took into account the orders of High Court in assessee’s own case. Held: Assessee-society was a section 25 company formed with the object of functioning as an apex organization to protect the interest of the press in India....