| COURT: | ITAT Bangalore |
| CORAM: | Jason P. Boaz (AM), N. V. Vasudevan (JM) |
| SECTION(S): | 194LA |
| GENRE: | Domestic Tax |
| CATCH WORDS: | compulsory acquisition, Development Right’s Certificate, monetary consideration, TDS deduction |
| COUNSEL: | Rampriyadas |
| DATE: | November 14, 2014 (Date of pronouncement) |
| DATE: | November 18, 2014 (Date of publication) |
| AY: | 2010-11 & 2011-12 |
| FILE: | Click here to view full post with file download link |
| CITATION: | |
| The term "any sum" in s. 194LA TDS does not cover a case where there is no monetary consideration but Development Right’s Certificate (DRC) are issued | |
The issue that arises for consideration is as to whether provisions of s.194LA of the Act are applicable to a case where (a) there was no compulsory acquisition; (b) there was no payment of any monetary consideration. (i) The process …
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