https://www.taxtmi.com/caselaws?id=18333 A civil court decree based on admissions, declaring title to immovable property that formed part of the suit, did not require registration under section 17 of the Registration Act because it fell within the statutory exemption for court decrees and was not a compromise decree dealing with -suit property. On that basis, the assessee was treated as the owner of the property for depreciation purposes under section 32 of the Income-tax Act, since the asset was used in business and ownership could pass through the decree and related facts without a registered sale deed. The depreciation claim was therefore upheld. en-us Tue, 02 Jul 1996 00:00:00 +0530 Wed, 30 Sep 2009 12:26:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18333 A civil court decree based on admissions, declaring title to immovable property that formed part of the suit, did not require registration under section 17 of the Registration Act because it fell within the statutory exemption for court decrees and was not a compromise decree dealing with -suit property. On that basis, the assessee was treated as the owner of the property for depreciation purposes under section 32 of the Income-tax Act, since the asset was used in business and ownership could pass through the decree and related facts without a registered sale deed. The depreciation claim was therefore upheld. Case-Laws Income Tax Tue, 02 Jul 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18333