https://www.taxtmi.com/caselaws?id=65131 Under a hire purchase tenancy arrangement, notional income from a flat could not be assessed as income from house property during the currency of the agreement because section 22 applies only to the owner. The assessee remained merely a tenant until the conveyance deed was executed after full payment and expiry of the hire purchase period, so ownership had not vested during the relevant period. Accordingly, the legal incidence of house property income could not be fastened on a non-owner, and the notional income from the flat was not assessable in the assessee's hands under section 22. en-us Mon, 25 May 1981 00:00:00 +0530 Sat, 12 Feb 2011 14:50:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65131 Under a hire purchase tenancy arrangement, notional income from a flat could not be assessed as income from house property during the currency of the agreement because section 22 applies only to the owner. The assessee remained merely a tenant until the conveyance deed was executed after full payment and expiry of the hire purchase period, so ownership had not vested during the relevant period. Accordingly, the legal incidence of house property income could not be fastened on a non-owner, and the notional income from the flat was not assessable in the assessee's hands under section 22. Case-Laws Income Tax Mon, 25 May 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65131