https://www.taxtmi.com/caselaws?id=25565 Parting with possession under an agreement to sell does not by itself divest the transferor of legal title under the Tamil Nadu Agricultural Income-tax Act. Section 53A of the Transfer of Property Act, 1882, gives the transferee only a defensive right in possession and operates as a shield, not as a transfer of ownership. Because no transfer of interest in law had occurred, the transferor remained the owner or holder for assessment purposes and section 23 of the Act did not apply. The assessment was therefore sustained. en-us Thu, 28 Aug 1986 00:00:00 +0530 Fri, 29 Jan 2010 14:09:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25565 Parting with possession under an agreement to sell does not by itself divest the transferor of legal title under the Tamil Nadu Agricultural Income-tax Act. Section 53A of the Transfer of Property Act, 1882, gives the transferee only a defensive right in possession and operates as a shield, not as a transfer of ownership. Because no transfer of interest in law had occurred, the transferor remained the owner or holder for assessment purposes and section 23 of the Act did not apply. The assessment was therefore sustained. Case-Laws Income Tax Thu, 28 Aug 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25565