https://www.taxtmi.com/caselaws?id=6273 For section 9 of the Income-tax Act, 1922, "owner" means the person who can exercise legal rights of ownership in his own right and is entitled to the property's income. Where evacuee property vested in the Custodian under the Pakistan (Administration of Evacuee Property) Ordinance, 1949, the Custodian's powers to possess, manage, realise income from, alienate and restore the property displaced the assessee's ownership for tax purposes. A mere residual or beneficial interest was insufficient. On that basis, the assessee was not treated as owner during the relevant assessment years and the deduction claim failed. en-us Thu, 09 Sep 1971 00:00:00 +0530 Mon, 04 Nov 2024 17:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6273 For section 9 of the Income-tax Act, 1922, "owner" means the person who can exercise legal rights of ownership in his own right and is entitled to the property's income. Where evacuee property vested in the Custodian under the Pakistan (Administration of Evacuee Property) Ordinance, 1949, the Custodian's powers to possess, manage, realise income from, alienate and restore the property displaced the assessee's ownership for tax purposes. A mere residual or beneficial interest was insufficient. On that basis, the assessee was not treated as owner during the relevant assessment years and the deduction claim failed. Case-Laws Income Tax Thu, 09 Sep 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6273