https://www.taxtmi.com/caselaws?id=28760 Income from house property remains assessable in the transferor's hands where the conveyance is unregistered and legal title has not passed, even if consideration has been paid, possession delivered, tenants attorned, and rent received by the transferee. The Bombay HC followed its earlier Division Bench ruling and held that legal ownership is material for section 22 of the Income-tax Act, 1961; mere delivery of possession does not make the transferee the owner for assessment purposes. The Court also noted that it was bound by the prior Division Bench view and could not adopt contrary decisions of other High Courts. Accordingly, the property income was held assessable in the assessee's hands. en-us Thu, 11 Feb 1982 00:00:00 +0530 Thu, 25 Feb 2010 15:08:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28760 Income from house property remains assessable in the transferor's hands where the conveyance is unregistered and legal title has not passed, even if consideration has been paid, possession delivered, tenants attorned, and rent received by the transferee. The Bombay HC followed its earlier Division Bench ruling and held that legal ownership is material for section 22 of the Income-tax Act, 1961; mere delivery of possession does not make the transferee the owner for assessment purposes. The Court also noted that it was bound by the prior Division Bench view and could not adopt contrary decisions of other High Courts. Accordingly, the property income was held assessable in the assessee's hands. Case-Laws Income Tax Thu, 11 Feb 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28760