https://www.taxtmi.com/caselaws?id=187519 Rent received under a leave and licence arrangement could not be assessed as income from house property because the assessee was neither the legal owner nor a deemed owner under the Income-tax Act, 1961. Deemed ownership under section 27(iiib) applies only where rights arise from a transaction covered by section 269UA(f), which requires a lease of not less than twelve years. The agreement here was expressly a licence, did not create any interest in the property, and was terminable on breach, so the statutory conditions were not met. As the receipts were not taxable under section 22, the claim for deduction under section 24 also failed, and the income was assessable as income from other sources. en-us Fri, 18 Dec 2009 00:00:00 +0530 Tue, 25 Oct 2016 14:20:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187519 Rent received under a leave and licence arrangement could not be assessed as income from house property because the assessee was neither the legal owner nor a deemed owner under the Income-tax Act, 1961. Deemed ownership under section 27(iiib) applies only where rights arise from a transaction covered by section 269UA(f), which requires a lease of not less than twelve years. The agreement here was expressly a licence, did not create any interest in the property, and was terminable on breach, so the statutory conditions were not met. As the receipts were not taxable under section 22, the claim for deduction under section 24 also failed, and the income was assessable as income from other sources. Case-Laws Income Tax Fri, 18 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187519