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2008 (1) TMI 336 - BOMBAY HIGH COURTPremises given to Citibank on leave & licence basis by the Appellant– premises not occupied by assessee for any business or profession carried on by it - submission of assessee that it will be an asset in the hands of Citibank and cannot be included in their net wealth, is not acceptable – since it was a license no right would be created in Citibank - premises therefore would fall within the meaning of “asset” u/s 2(ea), in the hands of assessee and could be included in net wealth of assessee
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