https://www.taxtmi.com/caselaws?id=22167 An unregistered long-term lease agreement may still create a protectable possessory right under section 53A of the Transfer of Property Act if the transferee is in possession under a written contract, and that right may require examination as an asset for wealth-tax purposes. The Tribunal had treated the arrangement as only a month-to-month tenancy and excluded the property value, but it had not considered whether the assessee's possession, subletting, and derived income established a legally protected interest. The matter was remanded for fresh consideration on the section 53A basis. en-us Thu, 10 Aug 1989 00:00:00 +0530 Mon, 07 Dec 2009 17:39:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22167 An unregistered long-term lease agreement may still create a protectable possessory right under section 53A of the Transfer of Property Act if the transferee is in possession under a written contract, and that right may require examination as an asset for wealth-tax purposes. The Tribunal had treated the arrangement as only a month-to-month tenancy and excluded the property value, but it had not considered whether the assessee's possession, subletting, and derived income established a legally protected interest. The matter was remanded for fresh consideration on the section 53A basis. Case-Laws Wealth-tax Thu, 10 Aug 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22167