https://www.taxtmi.com/caselaws?id=49317 The Supreme Court affirmed the High Court's ruling that the amounts described as premium in the lease deed were capital receipts, not disguised rent. The court emphasized the significance of transaction substance over terminology and rejected arguments proposing a split of rent into premium and rent. The appeal was dismissed with costs. en-us Mon, 19 Apr 1965 00:00:00 +0530 Mon, 21 Nov 2022 15:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49317 The Supreme Court affirmed the High Court's ruling that the amounts described as premium in the lease deed were capital receipts, not disguised rent. The court emphasized the significance of transaction substance over terminology and rejected arguments proposing a split of rent into premium and rent. The appeal was dismissed with costs. Case-Laws Income Tax Mon, 19 Apr 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49317