Lease registration requirement: short-term leases avoid registration, longer leases require a statutory certificate under income tax law. Leases for a term of less than one year are not subject to registration and do not require a certificate under section 230-A of the Income-tax Act, 1961, whereas leases for periods exceeding one year require registration and the statutory certificate under section 230-A.
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Provisions expressly mentioned in the judgment/order text.
Lease registration requirement: short-term leases avoid registration, longer leases require a statutory certificate under income tax law.
Leases for a term of less than one year are not subject to registration and do not require a certificate under section 230-A of the Income-tax Act, 1961, whereas leases for periods exceeding one year require registration and the statutory certificate under section 230-A.
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