Court Rules Lease Premium to CIDCO is Capital Expenditure, Exempt from TDS Deduction u/s 194I.

TDS u/s 194I - non deduction of TDS on the amount paid to the lessor towards lease premium - the lease premium to CIDCO is capital expenditure to acquire land with substantial right to construct and could not be considered as rent to be covered u/s 194I of the Act and hence no TDS is to be deducted on the same - AT .....

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