https://www.taxtmi.com/caselaws?id=204033 A month-to-month, revocable tenancy that does not create a lease for a term of not less than twelve years does not give rise to deemed ownership under section 27(iiib) read with section 269UA(f)(i) of the Income-tax Act, 1961. On that basis, the assessee cannot be treated as an owner for section 22 purposes, and rental receipts from the tenanted property are not taxable as income from house property. The document also notes that the arrangement was not a case of part performance under section 53A of the Transfer of Property Act, 1882. Accordingly, the receipts were assessable as income from other sources and the corresponding deduction under section 24 was not allowable. en-us Fri, 20 Aug 2010 00:00:00 +0530 Thu, 30 May 2013 16:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204033 A month-to-month, revocable tenancy that does not create a lease for a term of not less than twelve years does not give rise to deemed ownership under section 27(iiib) read with section 269UA(f)(i) of the Income-tax Act, 1961. On that basis, the assessee cannot be treated as an owner for section 22 purposes, and rental receipts from the tenanted property are not taxable as income from house property. The document also notes that the arrangement was not a case of part performance under section 53A of the Transfer of Property Act, 1882. Accordingly, the receipts were assessable as income from other sources and the corresponding deduction under section 24 was not allowable. Case-Laws Income Tax Fri, 20 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204033