{"id":15703,"date":"2021-03-11T15:27:34","date_gmt":"2021-03-11T09:57:34","guid":{"rendered":"https:\/\/itatonline.org\/digest\/nagarjuna-oil-corporation-ltd-v-acit-2020-429-itr-562-mad-hc\/"},"modified":"2021-06-20T19:51:24","modified_gmt":"2021-06-20T14:21:24","slug":"nagarjuna-oil-corporation-ltd-v-acit-2020-429-itr-562-mad-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/nagarjuna-oil-corporation-ltd-v-acit-2020-429-itr-562-mad-hc\/","title":{"rendered":"Nagarjuna Oil Corporation Ltd. v. ACIT (2020) 429 ITR 562\/ (2021) 277 Taxman 457 (Mad.)(HC)"},"content":{"rendered":"<p>Allowing the appeal the Court held that lump sum payment made by the assessee for getting a long term lease does not amount to payment of rent and is not adjustable against the annual rent payable by the assessee and therefore, the provisions of section\u00a0194I\u00a0of the\u00a0Income-tax Act, 1961\u00a0will not apply to such circumstances. (AY. 2009-10, 2010-11, 2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 194I : Deduction at source-Rent-Lump sum paid for getting long lease-Not rent-Tax not deductible at  source on such payment. <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-15703","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-45h","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/15703","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=15703"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/15703\/revisions"}],"predecessor-version":[{"id":19537,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/15703\/revisions\/19537"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=15703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=15703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=15703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}