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Income from sub-leasing taxable as house property income though assessee wasn’t real owner of premises

June 26, 2020[2020] 115 367 (Mumbai - Trib.)/[2020] 77 ITR(T) 664 (Mumbai - Trib.)

INCOME TAX: Where assessee had taken a premises on lease for a long period of time and further given it on lease to a bank for period of more than 12 years, assessee was to be considered as deemed owner of said premises for purpose of section 27(iiib) read with section 269UA(f)(i) and, therefore, lease rental earned by assessee was taxable as income from house property
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