In Itxa/403/2015 Of Commissioner Of Income Tax-(Tds) v. Eih Ltd, the High Court (2017) decided the matter under Section 194I of the Income-tax Act.
Decision: The appeals stand disposed of as withdraw.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.395 OF 2015WITHINCOME TAX APPEAL NO.403 OF 2015
COMMISSIONER OF INCOME TAX - (TDS))...APPELLANT
V/s.
EIH LTD.)...RESPONDENT
Mr.Vipul Bajpayee, Advocate for the Appellant.
P.C. :
CORAM:S.V.GANGAPURWALA &A. M. BADAR, JJ.DATE:31[st] JULY 2017
1The learned counsel for the appellant submits that the questions raised are covered by Circular No.35 of 2016 dated 13[th ]October 2016 wherein it is laid down that Section 194I of the Act will not be applicable on the lump sum lease premium paid for acquisition of long term lease.
2In view of that, the learned counsel for the appellant seeks leave to withdraw the appeals. The appeals stand disposed of as withdraw. No costs. Court fees as per rules be refunded.
(A. M. BADAR, J.)
(S.V.GANGAPURWALA), J.)
avk 1/1
This page reproduces a public-domain court order (Section 52(1)(q)(iv), Copyright Act 1957). Explanations are EaseValue's original analysis. Always read the original order.
Disclaimer: General information only — not legal, tax or professional advice, and no advocate/CA–client relationship is created. AI-generated summaries may contain errors and must be verified against the original court order. EaseValue accepts no liability for reliance on this content. Not a solicitation.
Full disclaimer & Terms.
EaseValue