https://www.taxtmi.com/caselaws?id=278178 Exclusive possession, authority to construct permanent oil storage installations, payment characterised as rent, responsibility for taxes, and termination on notice indicate a lease rather than a licence. The substance of the grant and the parties' intention govern, irrespective of its label or the special character of a government grant. Municipal tax exemption under the Delhi Municipal Corporation Act and Article 285 of the Constitution does not apply where the buildings and installations are not Union property in the relevant sense; exemption provisions require strict construction. Oil storage tanks and allied structures qualify as buildings for municipal taxation and are subject to composite assessment. en-us Wed, 06 Apr 2011 00:00:00 +0530 Wed, 02 Aug 2023 09:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278178 Exclusive possession, authority to construct permanent oil storage installations, payment characterised as rent, responsibility for taxes, and termination on notice indicate a lease rather than a licence. The substance of the grant and the parties' intention govern, irrespective of its label or the special character of a government grant. Municipal tax exemption under the Delhi Municipal Corporation Act and Article 285 of the Constitution does not apply where the buildings and installations are not Union property in the relevant sense; exemption provisions require strict construction. Oil storage tanks and allied structures qualify as buildings for municipal taxation and are subject to composite assessment. Case-Laws Indian Laws Wed, 06 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278178