absolute transfer of land
or extinguishment of the rights of the lessor MMRDA or demise of the rights of the lessor
unto lessse ... limited company and
is engaged in the business of real estate investment. MMRDA, a body corporate
constituted and established under provision of Mumbai Metropolitan Region
dated 01.02.2012, between the assesse and the Mumbai Metropolitan
Region Development Authority (MMRDA), the assesse has taken on lease for
infrastructural development a plot ... interest on
delayed payment (Interest accrued) on lease premium payable to MMRDA, without
deducting
year
under consideration the assessee company has paid lease premium to MMRDA without
deducting the TDS U/s 194I of the Act, as under ... explain why your failure to deduct TDS on the said
payments to MMRDA under the agreements as mentioned, shall not be treated as default
deducted at source on lease
premium paid by the assessee to MMRDA against lease of land. The Tribunal
on the very same issue ... liable ot deduct TDS
on payment of lease premium to MMRDA. The issue is therefore decided
against the revenue. Thus ground
