High Court rules arrangement as license, not lease, in favor of assessee.

The High Court of Bombay held that the arrangement between the assessee and Manufacturing Analytical and Research Chemists Pvt. Ltd. was a pure license, not a lease. The decision favored the assessee based on a previous court ruling, with no costs awarded. (Case citation: 1977 (8) TMI 7 - BOMBAY HC)

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The High Court of Bombay ruled that the arrangement between the assessee and Manufacturing Analytical and Research Chemists Pvt. Ltd. constituted a pure license, not a lease. The decision was based on a previous court ruling and was in favor of the assessee. No costs were awarded. (Case citation: 1977 (8) TMI 7 - BOMBAY High Court)

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