https://www.taxtmi.com/caselaws?id=5598 Income from flats is chargeable under the head "Income from house property" where the person in possession under an agreement for sale has paid consideration and is entitled in his own right to enjoy the property and receive its income; formal registered title is not essential for section 22. The contrary view requiring registered conveyance was rejected. The Finance Act, 1987 amendment to section 27 enlarging the deemed ownership category was treated as declaratory and clarificatory, not a substantive change, and therefore applies retrospectively. The interpretation of "owner" in the house property provisions was thus confirmed to include beneficial entitlement to income. en-us Tue, 27 May 1997 00:00:00 +0530 Mon, 13 Oct 2025 12:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5598 Income from flats is chargeable under the head "Income from house property" where the person in possession under an agreement for sale has paid consideration and is entitled in his own right to enjoy the property and receive its income; formal registered title is not essential for section 22. The contrary view requiring registered conveyance was rejected. The Finance Act, 1987 amendment to section 27 enlarging the deemed ownership category was treated as declaratory and clarificatory, not a substantive change, and therefore applies retrospectively. The interpretation of "owner" in the house property provisions was thus confirmed to include beneficial entitlement to income. Case-Laws Income Tax Tue, 27 May 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5598