Pradeep Oil Corporation vs Municipal Corporation Of Delhi & Anr

The Supreme Court addressed the distinction between a lease and a license in the context of an agreement for the erection of oil storage tanks and related facilities. The Court held that the appellant, granted exclusive possession and rights under the Government Grant Act, was a licensee and not a lessee, thus exempt from property tax under Section 20(2) of the Delhi Municipal Corporation Act, 1957. The Court overturned the Full Bench decision of the Delhi High Court, reaffirming the nature of the agreement as a license.