Transfer of right to use

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 March 2013 Dear Sir,
One of the assessee runs his buses under contract with U.P. Roadways. Driver salary and Diesel expences are beared by the assessee and U.P. roadways pays on the per K.M. basis.

Now please advise me that whether the above case involve the transfer of right to use or not.
If not then please provide me case law in this respect.

Thanks and regards.

CA Suraj Lakhotia

CA Suraj Lakhotia (Expert)
Follow

11 March 2013 If you are asking with reference to transfer for purposes of capital gains, the above case is not a transfer of right to use.

Above contract is more of contract to hire buses.