Held that as per leave and license agreement executed between the parties payment of each party was less than Rs. 1,50, 000, hence not liable to deduct tax at source. (AY. 2014-15)
Bhushan Logistics (P.) Ltd. v. ITO (2022) 195 ITD 756 (Mum.) (Trib.)
S. 40(a)(ia) : Amounts not deductible-Deduction at source-Rent-Payment to each party less than Rs. 1,50,000-Not liable to deduct tax at source-Directed to delete the disallowance. [S. 194I]