https://www.taxtmi.com/caselaws?id=39529 House-property income is assessable in the hands of the legal owner under section 9 of the Indian Income-tax Act, 1922, and section 22 of the Income-tax Act, 1961. A prior agreement to sell, full payment, delivery of possession, or attornment of tenants does not transfer ownership without a registered conveyance where the property exceeds the statutory value threshold. Section 53A of the Transfer of Property Act protects possession only and does not confer title or make the transferee the owner for tax assessment. The assessee therefore remained taxable as owner, and the income was assessable in its hands. en-us Wed, 02 Jul 1975 00:00:00 +0530 Tue, 27 Jan 2026 15:17:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39529 House-property income is assessable in the hands of the legal owner under section 9 of the Indian Income-tax Act, 1922, and section 22 of the Income-tax Act, 1961. A prior agreement to sell, full payment, delivery of possession, or attornment of tenants does not transfer ownership without a registered conveyance where the property exceeds the statutory value threshold. Section 53A of the Transfer of Property Act protects possession only and does not confer title or make the transferee the owner for tax assessment. The assessee therefore remained taxable as owner, and the income was assessable in its hands. Case-Laws Income Tax Wed, 02 Jul 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39529