https://www.taxtmi.com/caselaws?id=25209 For section 22 of the Income-tax Act, a purchaser in possession under an agreement of sale was not shown on these facts to have acquired adverse ownership merely because consideration had been paid and possession delivered before conveyance, so the assessee remained the owner for tax purposes. By contrast, where properties were handed over under firmans treated as invalid transfer documents, possession was treated as adverse to the transferor and had matured into ownership by adverse possession before the assessment year, so the ownership burden could not be fastened on the assessee for those properties. en-us Wed, 21 Oct 1987 00:00:00 +0530 Wed, 27 Jan 2010 11:51:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25209 For section 22 of the Income-tax Act, a purchaser in possession under an agreement of sale was not shown on these facts to have acquired adverse ownership merely because consideration had been paid and possession delivered before conveyance, so the assessee remained the owner for tax purposes. By contrast, where properties were handed over under firmans treated as invalid transfer documents, possession was treated as adverse to the transferor and had matured into ownership by adverse possession before the assessment year, so the ownership burden could not be fastened on the assessee for those properties. Case-Laws Income Tax Wed, 21 Oct 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25209