Supreme Court of India
M/s. Govind Impex (p) Ltd. and Ors. v. Appropriate Authority, Income Tax Department
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
2 Supreme Court benches have cited this judgment.
What the Court ordered
We are of the opinion that the High Court is right in observing that c "on a conjoint reading of paras 1 and 12 of the lease deed, the lessor intended the lease to last for 18 years" and further the lessor could not have refused to renew/extend the lease after first term if the lessee complied with the conditions.
Judgment, page 9
From the headnote
Income Tax Act, 1961: Chapter XXC; s.269UA(f)(i), Explanation - Premises let out on lease for nine years with an option to the lessee to renew it for a further period of nine years on fulfillment of certain terms and conditions - Applicability of Explanation to s. 269UA(f)(i) - Held: Is applicable since lease provided for extension of term, and the aggregate of /ease period and period of extension counted together made it more than twelve years. Deeds and documents: Lease deed - Interpretation of - Held: The terms of a lease deed are not to be interpreted following strict rules of
Authorities it was built on
Where later benches applied it
- 2024 Md. Rahim Ali @ Abdur Rahim v. The State of Assam & Ors.
- 2017 Securities and Exchange Board of India v. Shri Kanaiyalal Baldevbhai Patel
Of those, 2 referred to
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