Case Law Details
Case Name : J. C. Bansal Vs TRO (ITAT Indore)
Related Assessment Year :
Courts :
All ITAT ITAT Indore
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RELEVANT PARAGRAPH
20. On examination of the license agreement and schedule attached with the same, we find that entire factory building along with plant & machinery have been given under the agreement by M/s. Ramco Ind. Ltd. to the assessee for taking over the production facilities. The agreement as a whole has to be considered. As per the agreement between licensee and licensor, there was a definite obligation of the assessee to make minimum licence fees of Rsy40 lakh and the rest was dependant on the production respectively for permitting the licensee to utilize all production facilit...
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Hi,
The bench also ordered issuance of notice in another similar writ petition filed by Peoples Monitoring Group, an NGO.
Thanks,
Natalie