Lease premium paid to acquire a leasehold land for 60 years isn’t a rent; no TDS under sec. 194-I

IT: Lease premium paid by assessee to CIDCO for acquiring leasehold land for a period of 60 years in order to develop a Special Economic Zone (SEZ) amounted to capital expenditure which did not fall within meaning of 'rent' under section 194-I and, therefore, assessee was not liable to deduct tax at source while making said payment