Section 27:
Owner of house property, annual charge, etc., defined.
For the purposes of
sections 22 to 26—
(i) an individual who transfers otherwise than for adequate consideration any house property to
his or her spouse, not being a transfer in connection with an agreement to live apart, or to a minor
child not being a married daughter, shall be deemed to be the owner of the house property so
transferred;
(ii) the holder of an impartible estate shall be deemed to be the individual owner of all the
properties comprised in the estate ;
1
(iii) a member of a co-operative society, company or other association of persons to whom a
building or part thereof is allotted or leased under a house building scheme of the society, company or
association, as the case may be, shall be deemed to be the owner of that building or part thereof;
(iiia) a person who is allowed to take or retain possession of any building or part thereof in part
performance of a contract of the nature referred to in section 53A of the Transfer of Property
Act, 1882 (4 of 1882), shall be deemed to be the owner of that building or part thereof;
(iiib) a person who acquires any rights (excluding any rights by way of a lease from month to
month or for a period not exceeding one year) in or with respect to any building or part thereof, by
virtue of any such transaction as is referred to in clause (f) of section 269 UA, shall be deemed to be
the owner of that building or part thereof;
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(vi) taxes levied by a local authority in respect of any property shall be deemed to include service
taxes levied by the local authority in respect of the property.
Notes:
1. Subs. by Act 11 of 1987, s. 6, for clause (iii) (w.e.f. 1-4-1988).
2. Clauses (iv) and (v) omitted by Act 14 of 2001, s. 20 (w.e.f. 1-4-2002).