HIMUDA-lessor wasn’t entitled for unearned increase as there was no transfer of leasehold rights on acquisition of co.

COMPANY LAW : Where respondent-authority leased two industrial plots to petitioner/lessee company with a condition that petitioner could not transfer said plots without its previous consent, in view of fact that pursuant to acquisition of another company by petitioner, assets of petitioner had not been transferred to any other company but assets of another company have been transferred in favour of petitioner, there being no transfer of leasehold property,

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000198749/himuda-lessor-wasn’t-entitled-for-unearned-increase-as-there-was-no-transfer-of-leasehold-rights-on-acquisition-of-co.aspx