Meaning of ” Let”

Case Name : B. Jamasji mistry (p.) Ltd. Vs. Third ITO

Citation : [1985] 12 ITD 546 (BOM. TRIB.)

Court : ITAT -Bombay

Section : 23

Meaning : For the purpose of section 23(1)(b), lease alone is singled out from all other cases of grant of property for use and occupation to another and, therefore, it is difficult to extract a forced meaning from the word ‘let’ so as to include a case of licence also.

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