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The Madras High Court while following its earlier decision held that the payment for the acquisition of leasehold rights over immovable property is not rental income, hence not liable for deduction of tax at source under Section 194-I of the Income Tax Act
by Sekar Reporter · Published November 24, 2020
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HC finds three priests guilty of contempt, sentences them to three months imprisonment—After pronouncing their orders, Justices N. Kirubakaran and P. Velmurugan, however, suspended the sentence till the three priests could file appeals before the Supreme Court. The judges directed the contemnors to execute own bonds for a sum of ₹1 lakh each before the High Court Registry as a pre-condition for suspending the sentence.
by Sekar Reporter · Published February 6, 2021