| COURT: | ITAT Mumbai |
| CORAM: | Joginder Singh (JM), N. K. Billaiya (AM) |
| SECTION(S): | 194-I |
| GENRE: | Domestic Tax |
| CATCH WORDS: | TDS deduction, use of asset |
| COUNSEL: | J. D. Mistry |
| DATE: | October 29, 2014 (Date of pronouncement) |
| DATE: | October 31, 2014 (Date of publication) |
| AY: | 2009-10 |
| FILE: | Click here to view full post with file download link |
| CITATION: | |
| S. 194-I: Payment for use of an asset simpliciter, whether with control and possession in its legal sense or not, could be said to be for the use of an asset. However, payment for a specific act such as power transmission and even if an asset is used in the said process, cannot be said to be for the use of an asset | |
(i) It is thus clear that in a situation in which the payment in made for the use of an asset simpliciter, whether with control and possession in its legal sense or not, the payment could be said to be …
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