https://www.taxtmi.com/caselaws?id=37163 A lease of previously used premises can amount to a "transfer" within section 15C(2)(i) of the Indian Income-tax Act, 1922, because the statutory expression was construed broadly and the Tribunal's narrower view was held incorrect. The separate question whether the assessee's use of the earlier structure in the new undertaking finally defeated relief under section 15C(2) was not decided conclusively; it required further examination of the factual material and was left open for reconsideration. The statutory relief therefore remained dependent on the unresolved issue of the extent to which the old structure was utilised. en-us Thu, 18 Jan 1979 00:00:00 +0530 Sat, 27 Mar 2010 10:48:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37163 A lease of previously used premises can amount to a "transfer" within section 15C(2)(i) of the Indian Income-tax Act, 1922, because the statutory expression was construed broadly and the Tribunal's narrower view was held incorrect. The separate question whether the assessee's use of the earlier structure in the new undertaking finally defeated relief under section 15C(2) was not decided conclusively; it required further examination of the factual material and was left open for reconsideration. The statutory relief therefore remained dependent on the unresolved issue of the extent to which the old structure was utilised. Case-Laws Income Tax Thu, 18 Jan 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37163