In Itxa/87/2015 Of The Commissioner Of Income Tax Tds v. M/S. Varsha Enterprises, the High Court (2017) decided the matter.
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 JURISDITION
INCOME TAX APPEAL NO.87 OF 2015
The Commissioner of Income-Tax-TDS,Mumbai
...Appellant
V/s.M/s.Varsha Enterprises
...Respondent
.....
Mr.P.C.Chhotaray, Advocate for the Appellant.
Mr.Jitendra Singh, Advocate for the Respondent.
....
CORAM :S.V.GANGAPURWALA &A.M.BADAR JJ.
DATED :12[th] July 2017.
P.C.
1The learned counsel for the Appellant submits that theDepartment has issued a Circular No.35 of 2016 dated 13[th]October 2016 thereby taking a decision that a lump sum paymentof lease premium to CIDCO does not amount to rent and as such,has instructed the Appellant to withdraw the Appeal.2In view of that, the Appeal stands disposed of aswithdrawn.
( A.M.BADAR J.)
( S.V.GANGAPURWALA J.)
Gaikwad RD
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