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Income Tax - Highlights / Catch Notes

Home Highlights August 2014 Year 2014 This

TDS on Compulsory acquisition u/s 194LA – price was neither ...


High Court Rules No Tax Deduction u/s 194LA for Mutually Negotiated Acquisition Price, Not Compulsory Acquisition.

August 5, 2014

Case Laws     Income Tax     HC

TDS on Compulsory acquisition u/s 194LA – price was neither fixed by the statute nor by the principles stated but was agreed by the mutual negotiation - Tribunal has rightly held that there was no compulsory acquisition - Section 194 LA was not applicable - HC

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