2019 (2) TMI 1517 - SCH - Income Tax

TDS u/s 194L/194LA - cost of construction incurred by the assessee is the consideration paid for acquiring such rights, interest and titles from such squatters/hutments - whether consideration given by assessee to such squatters/ hutments was not in the nature of compulsory acquisition of land/ structure ? - Held that - Since the tax effect in the present matter is below one crore, we see no reason to interfere in the matter. The special leave petitions are dismissed.

Summary

The Supreme Court dismissed the special leave petitions since the tax effect was below one crore. Delay was condoned and pending applications were disposed of.