https://www.taxtmi.com/caselaws?id=29423 Income from house property is assessable in the hands of the legal owner, because section 9 fastens tax on ownership in law rather than mere factual enjoyment or receipt of consideration. Payment of price, delivery of possession, entries in the purchasers' books, or continued use by the purchasers do not by themselves divest title where no duly stamped and registered conveyance has been executed. The doctrine of part performance does not displace legal ownership for income-tax assessment on these facts, and special rulings on evacuee property or residual beneficial interest remain confined to their statutory settings. The operative rule is that title must be legally transferred or statutorily vested away before the assessee ceases to be taxable as owner. en-us Fri, 11 Sep 1981 00:00:00 +0530 Fri, 12 Mar 2010 17:04:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29423 Income from house property is assessable in the hands of the legal owner, because section 9 fastens tax on ownership in law rather than mere factual enjoyment or receipt of consideration. Payment of price, delivery of possession, entries in the purchasers' books, or continued use by the purchasers do not by themselves divest title where no duly stamped and registered conveyance has been executed. The doctrine of part performance does not displace legal ownership for income-tax assessment on these facts, and special rulings on evacuee property or residual beneficial interest remain confined to their statutory settings. The operative rule is that title must be legally transferred or statutorily vested away before the assessee ceases to be taxable as owner. Case-Laws Income Tax Fri, 11 Sep 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29423