https://www.taxtmi.com/caselaws?id=66320 Section 263 revisional power was held to remain available despite pendency of an appeal before the first appellate authority. On section 22, the Tribunal treated ownership in a practical sense tied to possession, enjoyment and entitlement to income, and noted that flats had been handed over under sale agreements before registration. As the purchasers were in possession and had already been assessed on the same income, the notional property income was not assessable again in the assessee's hands. The revision order was accordingly set aside and the quantum matter restored for fresh disposal. en-us Fri, 29 Mar 1985 00:00:00 +0530 Wed, 23 Feb 2011 15:39:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66320 Section 263 revisional power was held to remain available despite pendency of an appeal before the first appellate authority. On section 22, the Tribunal treated ownership in a practical sense tied to possession, enjoyment and entitlement to income, and noted that flats had been handed over under sale agreements before registration. As the purchasers were in possession and had already been assessed on the same income, the notional property income was not assessable again in the assessee's hands. The revision order was accordingly set aside and the quantum matter restored for fresh disposal. Case-Laws Income Tax Fri, 29 Mar 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66320