https://www.taxtmi.com/caselaws?id=19449 Section 22 of the Income-tax Act, 1961 taxes the real and effective owner of property, not merely the person in whom the registered conveyance is ultimately recorded. Where the transferor executed the sale deed, presented it for registration, received consideration, and parted with possession while the transferee collected rent, the transferor was treated as having divested dominion over the property. Registration obtained later was taken to relate back to execution and presentation of the deed, so the property income had already shifted to the transferee for tax purposes and was not assessable in the transferor's hands. en-us Thu, 21 Jul 1994 00:00:00 +0530 Fri, 06 Nov 2009 12:23:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19449 Section 22 of the Income-tax Act, 1961 taxes the real and effective owner of property, not merely the person in whom the registered conveyance is ultimately recorded. Where the transferor executed the sale deed, presented it for registration, received consideration, and parted with possession while the transferee collected rent, the transferor was treated as having divested dominion over the property. Registration obtained later was taken to relate back to execution and presentation of the deed, so the property income had already shifted to the transferee for tax purposes and was not assessable in the transferor's hands. Case-Laws Income Tax Thu, 21 Jul 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19449