https://www.taxtmi.com/caselaws?id=55574 Depreciation under section 32 is available where the assessee has paid full consideration, taken possession, and used the factory building for business, even though the conveyance deed is not registered in its name. The analysis treats ownership as satisfied by possession, dominion and control in its own right, with part-performance under section 53A of the Transfer of Property Act and the deeming provisions in sections 2(47)(v) and 27(iiia) supporting that view. A contrary insistence on registered legal title was not accepted, and the interpretation favourable to the assessee was preferred where judicial views differed. en-us Fri, 15 Jan 1999 00:00:00 +0530 Sat, 27 Nov 2010 17:49:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55574 Depreciation under section 32 is available where the assessee has paid full consideration, taken possession, and used the factory building for business, even though the conveyance deed is not registered in its name. The analysis treats ownership as satisfied by possession, dominion and control in its own right, with part-performance under section 53A of the Transfer of Property Act and the deeming provisions in sections 2(47)(v) and 27(iiia) supporting that view. A contrary insistence on registered legal title was not accepted, and the interpretation favourable to the assessee was preferred where judicial views differed. Case-Laws Income Tax Fri, 15 Jan 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55574