https://www.taxtmi.com/caselaws?id=13495 Income derived by a lessee from sub-letting is not taxable as income from house property where the lessee cannot be treated as the owner under sections 22 to 27 of the Income-tax Act, 1961. Section 22 taxes only the annual value of property owned by the assessee, while section 27 expands ownership for that purpose but excludes a person whose rights arise only under a lease from month to month or for a term not exceeding one year. On the stated facts, an 11-month lease with an option to continue fell within that exclusion, so the deeming definition of owner did not apply and the sub-let income could not be brought under the head "Income from house property." en-us Thu, 21 Jun 2007 00:00:00 +0530 Fri, 29 May 2009 12:07:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13495 Income derived by a lessee from sub-letting is not taxable as income from house property where the lessee cannot be treated as the owner under sections 22 to 27 of the Income-tax Act, 1961. Section 22 taxes only the annual value of property owned by the assessee, while section 27 expands ownership for that purpose but excludes a person whose rights arise only under a lease from month to month or for a term not exceeding one year. On the stated facts, an 11-month lease with an option to continue fell within that exclusion, so the deeming definition of owner did not apply and the sub-let income could not be brought under the head "Income from house property." Case-Laws Income Tax Thu, 21 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13495