https://www.taxtmi.com/caselaws?id=252415 Deemed ownership under Section 27(iiib) of the Income-tax Act applies only when rights in a building are acquired through a transaction satisfying Section 269UA(f). In the context of a lease, the transfer condition is met only if the lease term, including extended terms where applicable, is not less than twelve years. The text emphasises that factual findings on these statutory prerequisites are essential before deemed ownership can be applied, and that absence of such findings requires reconsideration on facts. en-us Wed, 24 Sep 2014 00:00:00 +0530 Fri, 14 Sep 2018 18:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252415 Deemed ownership under Section 27(iiib) of the Income-tax Act applies only when rights in a building are acquired through a transaction satisfying Section 269UA(f). In the context of a lease, the transfer condition is met only if the lease term, including extended terms where applicable, is not less than twelve years. The text emphasises that factual findings on these statutory prerequisites are essential before deemed ownership can be applied, and that absence of such findings requires reconsideration on facts. Case-Laws Income Tax Wed, 24 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252415