Building Owner Liable for Rent, Taxes, Labor, Maintenance, and Insurance; Not Reimbursements to Subsidiary.

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Full Text of the Document

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....Valuation - reimbursement of expenditure - establishment of a subsidiary - The building belongs to the appellant and, therefore, the payment of rent, rates and taxes, labour charges, repair and maintenance, generator expenses and insurance premium are all liabilities of the appellant and not of the subsidiary. Thus, these payments are not in the nature of reimbursements.....