Rithu V. Doshi. On 1-4-1996, itself, the firm gave sub-tenancy right in the plot No. 14 at Wadala to M/s. Atco ... crores to the firm in lieu of this sub-tenancy rights. Out of the cash so received, the existing three partners, viz., Sharad A. Doshi
tenant/sub-tenant
alongwith other tenant/sub-tenants. However, it is not acceptable as
the assessee was never having right of sub-tenancy ... sub-tenant in the subject property as the
main tenant had closed their business when the appellant obtained sub-
tenancy right in the property
what has been paid to him is to give
up his sub-tenancy or occupancy right, which is a 'capital asset ... received by the appellant as a consideration for giving up
his Sub-tenancy / Occupancy Right which was a capital asset.
3.7 The appellant also relies
after holding that just because
assessee could not prove his sub tenancy that does not automatically
mean that the appellant has furnished inaccurate particulars ... family member any sub-tenancy or sub-lease
in favour of the assessee. The assessee never reflected sub-tenancy in its
books of assets
Tenancy Act. This was not done. This also goes
to prove that the claim of tenancy/sub-tenancy was merely a sham transaction
arranged ... such intimation a sub-tenant would
become the tenant of the landlord. According to Shri Dahiya, no such regularization of sub-
tenancy was made
sub-tenant of the premises for monetary consideration paid to the tenant and also in terms of services rendered for 20 years. Above sub-tenancy ... company and the assessee could not be termed as agreement of sub-tenancy rather than an agreement of retainership. It was further submitted that assessee
194I of the Act, there being no sub tenancy
agreement between assessee and IISPL in respect of any of the premises ... entire
tax liability and there was no such tenancy or sub-tenancy agreement between
them. It was also noticed that the premises which were utilized
Vrindavan Lal Goverdhan Lal have allowed the assessee firm to
create sub-tenancy with the regard to the premises and has given
their premises ... creating the sub-tenancy in favour of ICICI
Bank, Ltd. for a period of 15 years on certain terms and
conditions as detailed in their
Vrindavan Lal
Goverdhan Lal have allowed the assessee firm to create
sub-tenancy with the regard to the premises and has given
their premises ... creating the sub-tenancy in favour of ICICI
Bank, Ltd. for a period of 15 years on certain terms and
conditions as detailed in their
Government of Maharashtra 'no-objection' to the creation of sub-tenancy which was created with effect from 26-9-1969 by indenture dated ... creation of the said sub-tenancy resulted in surplus of Rs. 3,381 (Rs. 5,000 minus Rs. 1,619.60) per month to the deceased
