area.
Clause 2(a) of the supplementary lease deed deals with contractual
obligation about payment of lease premium for additional built up
area in installments ... first
installment before the execution of the Supplementary
lease deed and the balance amount of lease premium
shall be paid in 4 annual equal installments
single
lease by the assessee and receipt of salami by granting of
sub lease for management of real property as an owner of
lease hold ... renting or leasing business only rental income and
other recurring charges and fees are revenue receipt but not
the lease premium which is received
disallowance
of Rs.60,79,790/-, being proportionate amortised amount of lease premium
paid to Mumbai Metropolitan Regional Development Authority in respect of
leasehold land ... Commissioner of Income Tax (Appeals) erred in not appreciating that the
lease premium paid was nothing but lease rent paid in advance
allowed as deduction.
ii. The lease deed was neither entered nor any payment for the lease
premium made in the year under consideration ... that case the land was acquired on lease for 95 years and the assessee
paid upfront lease premium of ₹ 12,09,200/-. Thereafter, the assessee
Developer
(g) You shall pay to RLDA the Upfront Lease
Premium quoted by you / your Consortium as under ... plot leased is found to be at variance from that
stated in the RFP document, then the difference in
Upfront Lease Premium payable to RLDA
linked with the date of issuance
of the LOA and the lease premium was to be paid in six installments
(Four instalments ... lease premium and balance two
installments of 10% of the lease premium). Accordingly, the first
instalment was required to be paid within 90 days from
being consideration for acquiring sub-lease rights the land is
Lease Premium and Capital Expenditure and is not covered by
Explanation (i) to Section ... lease dated 12-08-2004 w.e.f. 19-02-2004, hence, this acquisition of
lease rights cannot be treated as payment for lease rent
paid amount of Rs.80.71 crore by cheque towards
lease premium for the plot No.C-26. Thereafter, on 15.7.1994, an agreement to
lease ... premium. the petitioners would
be liable to pay the premium at that rate. Later amendment in 1999 reducing the
rate of premium for the additional
appellant and the other two companies had made payment of lease
premium of Rs.25/- lacs to the respondents at the time of creation ... premium". Terms of the lease (Exhibit PW-1/2) do not
support the contention that "lease premium" for permanent/perpetual lease
agreement to
lease was executed by CIDCO in favour of Air India. The land was allotted on a
concessional lease premium ... lessee was required to approach CIDCO
and to pay additional lease premium and transfer charges and thereupon opt for
transfer.
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