https://www.taxtmi.com/caselaws?id=64362 Ownership for section 22 requires real and effective title on the documented facts; where the construction agreement and lease deed together show only a limited leasehold interest with restricted rights, the occupant is not the owner of the superstructure. On that footing, rental receipts are not assessable as income from house property, and section 27(iiib) does not apply. Because the Assessing Officer treated the receipts under the wrong head despite the restrictive documents, the order was held erroneous and prejudicial to the Revenue, satisfying the conditions for revision under section 263. en-us Fri, 17 Aug 2007 00:00:00 +0530 Mon, 07 Feb 2011 14:41:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64362 Ownership for section 22 requires real and effective title on the documented facts; where the construction agreement and lease deed together show only a limited leasehold interest with restricted rights, the occupant is not the owner of the superstructure. On that footing, rental receipts are not assessable as income from house property, and section 27(iiib) does not apply. Because the Assessing Officer treated the receipts under the wrong head despite the restrictive documents, the order was held erroneous and prejudicial to the Revenue, satisfying the conditions for revision under section 263. Case-Laws Income Tax Fri, 17 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64362