No TDS on Land Acquisition from Illegal Occupants by MMRDA

CIT (TDS) Vs M/s Mumbai Metropolitan Regional (Bombay High Court) Section 194LA of the I.T.Act, 1961 inter alia deals with payment of compensation on acquisition of certain immovable property. Section 194LA of the I.T.Act, 1961 was brought into force with effect from 1st October, 2004. Section 194L of the I.T.Act, 1961 deals with payment of compensation on acquisition of a capital asset and was omitted with effect from 1st June, 2016. Basically, what both these provisions provide is that any person responsible for paying to a resident any sum in the nature of compensation or enhanced compensat...