1977 (8) TMI 7 - HC - Income Tax

Summary

The High Court of Bombay ruled that the arrangement between the assessee and Manufacturing Analytical and Research Chemists Pvt. Ltd. constituted a pure license, not a lease. The decision was based on a previous court ruling and was in favor of the assessee. No costs were awarded. (Case citation: 1977 (8) TMI 7 - BOMBAY High Court)