https://www.taxtmi.com/caselaws?id=24007 For house-property taxation under section 22 of the Income-tax Act, annual value is chargeable in the hands of the person who is owner in law. An agreement to sell, delivery of vacant possession, receipt of consideration, and protection under section 53A of the Transfer of Property Act do not by themselves transfer legal title. Ownership passes only on execution and registration of the sale deed, and the vendor remains the owner until a registered conveyance is completed. The court therefore applied the legal-owner test and answered the referred question in favour of the Revenue, against the assessee. en-us Sat, 03 Jun 1989 00:00:00 +0530 Fri, 15 Jan 2010 17:36:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24007 For house-property taxation under section 22 of the Income-tax Act, annual value is chargeable in the hands of the person who is owner in law. An agreement to sell, delivery of vacant possession, receipt of consideration, and protection under section 53A of the Transfer of Property Act do not by themselves transfer legal title. Ownership passes only on execution and registration of the sale deed, and the vendor remains the owner until a registered conveyance is completed. The court therefore applied the legal-owner test and answered the referred question in favour of the Revenue, against the assessee. Case-Laws Income Tax Sat, 03 Jun 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24007