https://www.taxtmi.com/caselaws?id=63159 Rental income from property transferred under an agreement to sell was not assessable in the transferor's hands where possession, beneficial enjoyment and entitlement to rent had passed to the transferee. The transferee had received the rental income and it had already been assessed in the transferee's hands. Delayed registration of the sale deed did not justify taxing the same income again in the transferor's hands. Reassessment was unsustainable because the income did not belong to the transferor in substance, and the reassessment was annulled. en-us Thu, 25 Feb 1988 00:00:00 +0530 Fri, 28 Jan 2011 11:14:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63159 Rental income from property transferred under an agreement to sell was not assessable in the transferor's hands where possession, beneficial enjoyment and entitlement to rent had passed to the transferee. The transferee had received the rental income and it had already been assessed in the transferee's hands. Delayed registration of the sale deed did not justify taxing the same income again in the transferor's hands. Reassessment was unsustainable because the income did not belong to the transferor in substance, and the reassessment was annulled. Case-Laws Income Tax Thu, 25 Feb 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63159