If payment is for variety of services & use of land is minor, Payment cannot be treated as rent –SC

In deciding whether a payment is for “use of land”, the substance of the transaction has to be seen. If the payment is for a variety of services and the use of land is minor, the payment cannot be treated as “rent” – Section 194-I

Brief Facts of the Case and Question of Law

Brief Facts:

There are two foreign companies involved namely Japan Airlines Company Limited (“JALâ€

Please become a Premium member. If you are already a Premium member, login here to access the full content.