https://www.taxtmi.com/caselaws?id=429058 On construction of the agreements, the assessee was treated as having become the owner of the plant and machinery, and the lease rentals were held to be taxable as revenue receipt and accrued income. The Court found no reason to interfere with the High Court's conclusion sustaining taxability, and the appeal was dismissed. en-us Tue, 13 Sep 2022 00:00:00 +0530 Tue, 09 Jun 2026 11:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429058 On construction of the agreements, the assessee was treated as having become the owner of the plant and machinery, and the lease rentals were held to be taxable as revenue receipt and accrued income. The Court found no reason to interfere with the High Court's conclusion sustaining taxability, and the appeal was dismissed. Case-Laws Income Tax Tue, 13 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429058