Joint property purchase: Partner paid only for his share, no TDS u/s 194IA required. Demand u/s 201(1) & 201(IA) set aside.

Regarding TDS u/s 194IA on share of each partner/owner of a joint property, where assessee purchased land along with his brother, it was held that considering section 194-IA and case precedent, since assessee was responsible for paying consideration only for his share and paid accordingly, there was no requirement to deduct tax at source. Hence, demand u/s 201(1) and 201(IA) was set aside, and assessee's appeal was allowed. .....

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