https://www.taxtmi.com/caselaws?id=35695 Relief under section 15C of the Indian Income-tax Act, 1922 was not lost merely because the assessee-company carried on manufacturing in another concern's premises and used its plant and machinery under an unexecuted arrangement. The disqualifying condition applies only where there is a transfer creating an interest in the building, plant or machinery previously used in another business. On the facts, the owner retained possession, keys and effective control, and the assessee had only a limited right to run the factory. The arrangement was therefore a licence, not a lease or transfer of proprietary interest, and the assessee remained entitled to section 15C relief. en-us Wed, 10 Nov 1976 00:00:00 +0530 Tue, 16 Mar 2010 11:45:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35695 Relief under section 15C of the Indian Income-tax Act, 1922 was not lost merely because the assessee-company carried on manufacturing in another concern's premises and used its plant and machinery under an unexecuted arrangement. The disqualifying condition applies only where there is a transfer creating an interest in the building, plant or machinery previously used in another business. On the facts, the owner retained possession, keys and effective control, and the assessee had only a limited right to run the factory. The arrangement was therefore a licence, not a lease or transfer of proprietary interest, and the assessee remained entitled to section 15C relief. Case-Laws Income Tax Wed, 10 Nov 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35695