https://www.taxtmi.com/caselaws?id=63933 Income from house property under sections 22 and 23 is assessed on the basis of real and effective ownership, not bare legal title alone. Where a vendor has sold the property, the transferee is in possession, and the original building has been converted into commercial flats so that it no longer exists in a form capable of yielding rent, the vendor cannot be taxed on notional annual value merely because registration has not been completed. The later insertion of section 27(iiia) reflects the legislative treatment of such deemed ownership situations for sections 22 to 26. en-us Wed, 31 Jan 1990 00:00:00 +0530 Wed, 02 Feb 2011 17:35:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63933 Income from house property under sections 22 and 23 is assessed on the basis of real and effective ownership, not bare legal title alone. Where a vendor has sold the property, the transferee is in possession, and the original building has been converted into commercial flats so that it no longer exists in a form capable of yielding rent, the vendor cannot be taxed on notional annual value merely because registration has not been completed. The later insertion of section 27(iiia) reflects the legislative treatment of such deemed ownership situations for sections 22 to 26. Case-Laws Income Tax Wed, 31 Jan 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63933