https://www.taxtmi.com/caselaws?id=16049 The Tribunal upheld the Income-tax Officer's decision to tax the rental income as "income from other sources" instead of "income from house property," emphasizing that possession alone does not confer ownership rights. The settlement deed did not transfer the property to the assessee, leading to the conclusion that the income could not be considered house property income. The Tribunal ruled in favor of the Revenue, highlighting the significance of ownership in determining the nature of property income for tax purposes. en-us Fri, 06 Aug 1999 00:00:00 +0530 Mon, 31 Aug 2009 16:43:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16049 The Tribunal upheld the Income-tax Officer's decision to tax the rental income as "income from other sources" instead of "income from house property," emphasizing that possession alone does not confer ownership rights. The settlement deed did not transfer the property to the assessee, leading to the conclusion that the income could not be considered house property income. The Tribunal ruled in favor of the Revenue, highlighting the significance of ownership in determining the nature of property income for tax purposes. Case-Laws Income Tax Fri, 06 Aug 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16049