https://www.taxtmi.com/caselaws?id=7783 For sale of tangible immovable property, legal title passes only on execution of a registered conveyance; neither prior agreement nor delivery of possession transfers ownership. Registration perfects the title created by the deed and does not itself create a new title. For assessment under section 9 of the Indian Income-tax Act, 1922, liability attaches to the legal owner of the property's bona fide annual value, and Indian law does not adopt divided legal and beneficial ownership for this purpose. The annual value remains assessable in the hands of the legal owner, even if another person is said to be the beneficial owner. en-us Tue, 17 Jun 1969 00:00:00 +0530 Thu, 19 Mar 2009 10:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7783 For sale of tangible immovable property, legal title passes only on execution of a registered conveyance; neither prior agreement nor delivery of possession transfers ownership. Registration perfects the title created by the deed and does not itself create a new title. For assessment under section 9 of the Indian Income-tax Act, 1922, liability attaches to the legal owner of the property's bona fide annual value, and Indian law does not adopt divided legal and beneficial ownership for this purpose. The annual value remains assessable in the hands of the legal owner, even if another person is said to be the beneficial owner. Case-Laws Income Tax Tue, 17 Jun 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7783