https://www.taxtmi.com/caselaws?id=32442 The High Court addressed the issue of ownership concerning property transfers for income tax assessment purposes, emphasizing the right to exclude others as a key element of ownership. Referring to legal principles established in a previous Supreme Court case, the court ruled in favor of the assessee, stating that ownership, for income tax purposes, does not solely depend on registered conveyance deeds but on the ability to exclude others from the property. The court remanded the matter for further assessment, highlighting the importance of understanding ownership in income tax assessment beyond strict reliance on registration. en-us Wed, 11 Feb 2009 00:00:00 +0530 Sat, 11 Sep 2010 10:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32442 The High Court addressed the issue of ownership concerning property transfers for income tax assessment purposes, emphasizing the right to exclude others as a key element of ownership. Referring to legal principles established in a previous Supreme Court case, the court ruled in favor of the assessee, stating that ownership, for income tax purposes, does not solely depend on registered conveyance deeds but on the ability to exclude others from the property. The court remanded the matter for further assessment, highlighting the importance of understanding ownership in income tax assessment beyond strict reliance on registration. Case-Laws Income Tax Wed, 11 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32442