https://www.taxtmi.com/caselaws?id=66051 Income from immovable property remains chargeable under section 22 in the hands of the legal owner until title passes by a registered conveyance deed. Payment of consideration and delivery of possession under an agreement for sale do not, by themselves, divest ownership for tax purposes. Section 53A protects possession under part performance, but it does not create real ownership or shift the incidence of tax from the transferor. The view followed is that rental income continues to be assessable to the transferor until registered transfer of title is completed. en-us Wed, 10 Oct 1990 00:00:00 +0530 Mon, 21 Feb 2011 11:10:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66051 Income from immovable property remains chargeable under section 22 in the hands of the legal owner until title passes by a registered conveyance deed. Payment of consideration and delivery of possession under an agreement for sale do not, by themselves, divest ownership for tax purposes. Section 53A protects possession under part performance, but it does not create real ownership or shift the incidence of tax from the transferor. The view followed is that rental income continues to be assessable to the transferor until registered transfer of title is completed. Case-Laws Income Tax Wed, 10 Oct 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66051