https://www.taxtmi.com/caselaws?id=17779 Depreciation on buildings under section 32(1) is available only to the legal owner of the property. Payment of consideration and possession of flats or buildings do not, by themselves, create ownership where title has not passed through a registered conveyance. Because compulsory registration is required for transfer of immovable property of the relevant value, an unregistered conveyance does not pass right, title or interest. On that basis, the assessee was not treated as the owner in the legal sense required for depreciation, and the claim was disallowed. en-us Thu, 16 Jan 1997 00:00:00 +0530 Tue, 19 Jan 2016 13:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17779 Depreciation on buildings under section 32(1) is available only to the legal owner of the property. Payment of consideration and possession of flats or buildings do not, by themselves, create ownership where title has not passed through a registered conveyance. Because compulsory registration is required for transfer of immovable property of the relevant value, an unregistered conveyance does not pass right, title or interest. On that basis, the assessee was not treated as the owner in the legal sense required for depreciation, and the claim was disallowed. Case-Laws Income Tax Thu, 16 Jan 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17779