https://www.taxtmi.com/caselaws?id=411562 An unregistered lease deed does not prevent examination of the underlying arrangement to determine whether it substantively creates a lease, as a right to enjoy property may arise expressly or by implication. Lease-related receipts consistently recognised proportionately over the lease period should not be brought entirely to tax in a single year without material showing that the accounting treatment facilitated tax avoidance. Where the factual basis supporting lease treatment remains undisturbed, lease deposits or lump-sum leasing charges linked to that arrangement should continue to be taxed under the consistently applied proportionate recognition method. en-us Tue, 30 Mar 2021 00:00:00 +0530 Sat, 28 Aug 2021 16:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411562 An unregistered lease deed does not prevent examination of the underlying arrangement to determine whether it substantively creates a lease, as a right to enjoy property may arise expressly or by implication. Lease-related receipts consistently recognised proportionately over the lease period should not be brought entirely to tax in a single year without material showing that the accounting treatment facilitated tax avoidance. Where the factual basis supporting lease treatment remains undisturbed, lease deposits or lump-sum leasing charges linked to that arrangement should continue to be taxed under the consistently applied proportionate recognition method. Case-Laws Income Tax Tue, 30 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411562