https://www.taxtmi.com/caselaws?id=27112 For section 22 of the Income-tax Act, 1961, income from house property is taxable according to true ownership, meaning the person who can exercise ownership rights in his own right. Although the land stood in the assessee's name, evidence showed that the superstructure of Park View Hotel was constructed with equal contributions from the assessee and his two brothers. The absence of a registered conveyance did not prevent recognition of factual ownership of the building, and section 53A of the Transfer of Property Act could not establish title without a written agreement. The assessee was therefore not the sole owner; the superstructure was jointly owned in one-third shares, and only his share of the income was taxable. en-us Tue, 23 Apr 1985 00:00:00 +0530 Wed, 10 Feb 2010 17:43:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27112 For section 22 of the Income-tax Act, 1961, income from house property is taxable according to true ownership, meaning the person who can exercise ownership rights in his own right. Although the land stood in the assessee's name, evidence showed that the superstructure of Park View Hotel was constructed with equal contributions from the assessee and his two brothers. The absence of a registered conveyance did not prevent recognition of factual ownership of the building, and section 53A of the Transfer of Property Act could not establish title without a written agreement. The assessee was therefore not the sole owner; the superstructure was jointly owned in one-third shares, and only his share of the income was taxable. Case-Laws Income Tax Tue, 23 Apr 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27112