Interest on advances received under Sub-Lease Agreement with defective Title

Shri. Chetan Dass Vs. Joint Commissioner of Income tax (ITAT Bangalore)

Initial lease for a period of ten years expired on 19.05.1988 and there was no extension of lease agreement in favour of the assessee. On account of the above, we are of the opinion that once the assessee did not have any right to remain in possession of lease, there was no occasion for the assessee to enter into a sub-lease agreement initially with Tapovan Builders in the year 1987 and thereafter wit

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