https://www.taxtmi.com/caselaws?id=64203 Section 54 relief was considered unavailable where the assessee had paid consideration and taken possession of a flat, but no registered sale deed or conveyance had been executed. The commentary states that an agreement to sell and possession, even with the protection of part performance under section 53A of the Transfer of Property Act, do not by themselves confer title; the later deeming rule in section 27(iiia) was not applicable for the relevant assessment year. On the house-property issue, the text explains that without legal ownership the flat could not be treated as owned by the assessee, so the notional income was not assessable as income from house property. en-us Wed, 20 Apr 1988 00:00:00 +0530 Fri, 20 Dec 2024 21:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64203 Section 54 relief was considered unavailable where the assessee had paid consideration and taken possession of a flat, but no registered sale deed or conveyance had been executed. The commentary states that an agreement to sell and possession, even with the protection of part performance under section 53A of the Transfer of Property Act, do not by themselves confer title; the later deeming rule in section 27(iiia) was not applicable for the relevant assessment year. On the house-property issue, the text explains that without legal ownership the flat could not be treated as owned by the assessee, so the notional income was not assessable as income from house property. Case-Laws Income Tax Wed, 20 Apr 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64203