https://www.taxtmi.com/caselaws?id=35997 Where legal ownership of house property continues, sections 22 and 23 of the Income-tax Act fasten tax on the annual value notwithstanding that no rent was actually received. On the facts, there was no reliable written agreement or enforceable arrangement showing diversion of income by overriding title, and the plea based on section 53A of the Transfer of Property Act failed because no written sale agreement was proved. The claim under section 24(1)(x) and reliance on municipal valuation did not displace the statutory method of assessment. The property's annual value was therefore includible in total income. en-us Fri, 27 Feb 1981 00:00:00 +0530 Thu, 18 Mar 2010 17:25:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35997 Where legal ownership of house property continues, sections 22 and 23 of the Income-tax Act fasten tax on the annual value notwithstanding that no rent was actually received. On the facts, there was no reliable written agreement or enforceable arrangement showing diversion of income by overriding title, and the plea based on section 53A of the Transfer of Property Act failed because no written sale agreement was proved. The claim under section 24(1)(x) and reliance on municipal valuation did not displace the statutory method of assessment. The property's annual value was therefore includible in total income. Case-Laws Income Tax Fri, 27 Feb 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35997