https://www.taxtmi.com/caselaws?id=18268 For house-property taxation, "owner" means the person entitled to exercise the rights of ownership in substance and in his own right, not merely the person retaining bare legal title after possession has passed under an enforceable transaction. On that principle, the annual value of flats could not be assessed in the transferor's hands for the period between delivery of possession and execution and registration of the sale deed. The later insertion of clause (iiia) in section 27 was treated as clarificatory and aligned the statute with the position that a person in possession under section 53A of the Transfer of Property Act is to be treated as owner for house-property tax purposes. en-us Mon, 02 Sep 1996 00:00:00 +0530 Tue, 29 Sep 2009 17:33:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18268 For house-property taxation, "owner" means the person entitled to exercise the rights of ownership in substance and in his own right, not merely the person retaining bare legal title after possession has passed under an enforceable transaction. On that principle, the annual value of flats could not be assessed in the transferor's hands for the period between delivery of possession and execution and registration of the sale deed. The later insertion of clause (iiia) in section 27 was treated as clarificatory and aligned the statute with the position that a person in possession under section 53A of the Transfer of Property Act is to be treated as owner for house-property tax purposes. Case-Laws Income Tax Mon, 02 Sep 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18268