Whether it is a 'property'

Querist : Anonymous (Querist) 11 December 2009 This query is : Resolved
Whether the Route permit issued by a State Govt., to a transport operator (bus) is a 'property' in the hands of operator, for succession?

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n.k.sarin (Expert) 11 December 2009
Route permit is not a property for succession

Dr.Anjani Kumar Vaidyasen,09431271130,Patna (Expert) 11 December 2009
No,It is the permission given by the State Government to transport his goods from one place to other without any litigation.
Thanks.

Querist : Anonymous (Querist) 11 December 2009
Thank you all. But one of my learned friends argue keenly bent otherwise. He says he had recently read SC ruling in an income tax matter that the route permit is property. But he doesnt remember the citation. Any comments?

Raj Kumar Makkad (Expert) 11 December 2009
Certain conditions are attached with the property like it can be transferred at the sweet will of the owner but in case of license, it is not open for the licensee rather in caseof becoming invalidment on any ground, this license is liable to be cancelled but in case of property, such thing never happens.

So license of route permit is not a property.

Sachin Bhatia (Expert) 11 December 2009
No it is not a property.

N.K.Assumi (Expert) 11 December 2009
If a licence is transfer by the holder of the licence to another person, does it amount to sale of goods?

Jayashree Hariharan (Expert) 11 December 2009
No, certainly not.

N.K.Assumi (Expert) 11 December 2009
you mean to say that licence does not have a value?

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