https://www.taxtmi.com/caselaws?id=296541 An instrument styled as a licence was construed by its substance, not its label, and the Court found that exclusive possession, long-term use, rent-like payment and the right to maintain substantial installations showed a transfer of a right to enjoy the land; the principal grants were therefore leases, not mere licences. Oil storage tanks and related constructions were treated as buildings for municipal taxation, and because the structures belonged to the grantee rather than the Union of India, the statutory exemption for Union property did not apply. The municipal authority was accordingly entitled to levy property tax on the lands and buildings in question. en-us Mon, 17 Sep 2001 00:00:00 +0530 Tue, 27 Jul 2021 14:47:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296541 An instrument styled as a licence was construed by its substance, not its label, and the Court found that exclusive possession, long-term use, rent-like payment and the right to maintain substantial installations showed a transfer of a right to enjoy the land; the principal grants were therefore leases, not mere licences. Oil storage tanks and related constructions were treated as buildings for municipal taxation, and because the structures belonged to the grantee rather than the Union of India, the statutory exemption for Union property did not apply. The municipal authority was accordingly entitled to levy property tax on the lands and buildings in question. Case-Laws Indian Laws Mon, 17 Sep 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296541