Exhibition place is booked where in bill they mentioned that charges are for
Bare place amount is 450000
which sec is applicable 194 I Rent or 194C Contract for advertisement?
here in this case it is clearly evident that payment is made for 'use of land or space' at exhibition ground for advertising.Hence it squarely comes under rent definition as enumerated in Sec 194 I. Contract made, cannot alter its nature from being rent.since commercial rents do have an arrangement or contract between the parties.hence forth Sec 194 I is applicable.
CAclubindia
