https://www.taxtmi.com/caselaws?id=15766 For section 22 of the Income-tax Act, ownership is not confined to legal title under the Transfer of Property Act or registration under the Registration Act; it extends to the person entitled to receive income from the property in his own right. Where the flats were constructed and possession had been handed over to prospective purchasers under agreements to sell, the absence of registered sale deeds did not by itself keep the assessee as taxable owner. On that footing, no referable question of law arose under section 256(2), and the Revenue's applications were rejected. en-us Mon, 15 Dec 1997 00:00:00 +0530 Thu, 27 Aug 2009 15:47:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15766 For section 22 of the Income-tax Act, ownership is not confined to legal title under the Transfer of Property Act or registration under the Registration Act; it extends to the person entitled to receive income from the property in his own right. Where the flats were constructed and possession had been handed over to prospective purchasers under agreements to sell, the absence of registered sale deeds did not by itself keep the assessee as taxable owner. On that footing, no referable question of law arose under section 256(2), and the Revenue's applications were rejected. Case-Laws Income Tax Mon, 15 Dec 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15766