https://www.taxtmi.com/caselaws?id=27799 Title to immovable property held by a firm cannot pass to its partners through a mere agreement and book entries; a duly registered instrument is required for a valid transfer under registration law. Applying that principle, the rental and service income from Kannammai Building remained assessable in the hands of the assessee-firm for the relevant assessment year, because the claimed transfer to the partners was not legally effective. The earlier ruling in Dadha and Company was treated as directly applicable on the facts, and other cited authorities did not alter the result. en-us Tue, 30 Aug 1983 00:00:00 +0530 Tue, 16 Feb 2010 11:37:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27799 Title to immovable property held by a firm cannot pass to its partners through a mere agreement and book entries; a duly registered instrument is required for a valid transfer under registration law. Applying that principle, the rental and service income from Kannammai Building remained assessable in the hands of the assessee-firm for the relevant assessment year, because the claimed transfer to the partners was not legally effective. The earlier ruling in Dadha and Company was treated as directly applicable on the facts, and other cited authorities did not alter the result. Case-Laws Income Tax Tue, 30 Aug 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27799