https://www.taxtmi.com/caselaws?id=28493 For section 22 of the Income-tax Act, 1961, "owner" means the person who enjoys the practical and effective incidents of ownership, including possession, use and the right to derive benefit from the property, rather than merely the holder of formal legal title. Where an agreement has transferred physical possession and full enjoyment of the house properties, with only the formal conveyance remaining to be executed and registered, the rental income is assessable in the hands of that person as income from house property. The doctrine of part performance under section 53A of the Transfer of Property Act, 1882, and a contractual bar on disturbing possession support that conclusion. en-us Thu, 02 Dec 1982 00:00:00 +0530 Tue, 23 Feb 2010 10:52:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28493 For section 22 of the Income-tax Act, 1961, "owner" means the person who enjoys the practical and effective incidents of ownership, including possession, use and the right to derive benefit from the property, rather than merely the holder of formal legal title. Where an agreement has transferred physical possession and full enjoyment of the house properties, with only the formal conveyance remaining to be executed and registered, the rental income is assessable in the hands of that person as income from house property. The doctrine of part performance under section 53A of the Transfer of Property Act, 1882, and a contractual bar on disturbing possession support that conclusion. Case-Laws Income Tax Thu, 02 Dec 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28493