https://www.taxtmi.com/caselaws?id=310839 Income from flats is assessed under the head "Income from house property" where the assessee is in possession, receives the rent, enjoys the property and exercises ownership-like control; Section 56 cannot be used to reclassify such income merely because a registered conveyance has not been executed. "Owner" in Section 22 is not confined to the holder of bare legal title but includes the person entitled to receive income in his own right. The amendments to Section 27 were treated as declaratory and clarificatory, so they operate retrospectively to remove doubt on the meaning of ownership for house-property taxation. en-us Tue, 27 May 1997 00:00:00 +0530 Tue, 21 Nov 2023 11:02:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310839 Income from flats is assessed under the head "Income from house property" where the assessee is in possession, receives the rent, enjoys the property and exercises ownership-like control; Section 56 cannot be used to reclassify such income merely because a registered conveyance has not been executed. "Owner" in Section 22 is not confined to the holder of bare legal title but includes the person entitled to receive income in his own right. The amendments to Section 27 were treated as declaratory and clarificatory, so they operate retrospectively to remove doubt on the meaning of ownership for house-property taxation. Case-Laws Income Tax Tue, 27 May 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310839