Space Rental for Stores Classified as Immovable Property Service; Charges Based on Net Sales Percentage.

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Full Text of the Document

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....Renting of Immovable Property Services or not - provision of the space for setting up the stores - consideration by way of amount calculated as percentage on the basis of net sales during the year - the entire amounts received in terms of these agreements are nothing but rent for providing space for conducting the said retail business.....