continuance of a prior lease operates as a surrender of the original lease because by accepting the new lease, the lessee is a party ... under the lease to the lessor by mutual agreement between them whereas clause (f) provides that the lease can be determined by implied surrender
Property Act reads as under:-
''111. Determination of lease.--A lease of immoveable
property determines--
(a) by efflux of the time limited thereby ... lease;
(h) on the expiration of a notice to determine the
lease, or to quit, or of intention to quit, the property leased,
duly given
State Government is colourable and totally arbitrary exercise of power. The sub-lease in favour of M/s Vishnu Straw Boards Limited has been cancelled ... present.
The Court observed; The operative word demise in a lease implies an absolute covenant on the part of the lessor or the person leasing
Standard on lease by the Institute of Chartered Account of India which require
capitalization of the asset by the lessee in finance lease transaction ... asset and eligible to claim depreciation on the
vehicles given on lease which implies that the lessee should not be granted the
deduction on account
mesne profits by way of
damages. That, the Lease Deed cannot be impliedly renewed as
sought to be made out by the Appellant, for which ... Lease Deed had
expired and was not renewed, the Appellant was a trespasser on
the suit property as the Lease Deed cannot be impliedly
renewed
arrears, the lessors would not be bound to execute the renewed
Lease and "shall be entitled to take such steps as may be necessary ... expiry of the lease period, there is an implied surrender of
lease before another fresh lease deed is executed. Hence, the property ought
which implies as on the date of the institution of the suit,
he had no competency.
c) Thirdly, he argued that the lease ... lease is admittedly a term lease, and it expires automatically on
the expiry of the term fixed in the lease. It implies, there
asset and eligible to claim depreciation on the vehicles
given on lease which implies that the lessee should not be
granted the deduction on account ... Lease Rent
6
ITA No. 3562/ MUM/2016
Assessment Year: 2009-10
The lessee shall, during the period of lease punctually pay to
the lessor
lease would be extended
for another three years. This had occurred way back in
august 2005 and extension of the lease deed implied
continuation ... attorney is allowed to
make, sign, enter into and execute any lease or license
deed in respect of the suit property subject to prior written
lease would be extended
for another three years. This had occurred way back in
august 2005 and extension of the lease deed implied
continuation ... attorney is allowed to
make, sign, enter into and execute any lease or license
deed in respect of the suit property subject to prior written
