https://www.taxtmi.com/caselaws?id=56820 For house-property taxation under section 22, legal ownership remained with the assessee because the flats had been allotted, consideration paid and possession delivered, but no registered conveyance deed had been executed. The purchasers' possessory rights under section 53A of the Transfer of Property Act did not displace the vendor's legal title. On rental income, the assessee was treated as an agent for the flat purchasers: rent was credited directly to their accounts and the assessee retained only a limited maintenance or service charge. The principal rent was therefore not assessable in the assessee's hands, while the service-related receipt remained taxable if not already offered. en-us Tue, 24 Jan 1989 00:00:00 +0530 Mon, 06 Dec 2010 18:14:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56820 For house-property taxation under section 22, legal ownership remained with the assessee because the flats had been allotted, consideration paid and possession delivered, but no registered conveyance deed had been executed. The purchasers' possessory rights under section 53A of the Transfer of Property Act did not displace the vendor's legal title. On rental income, the assessee was treated as an agent for the flat purchasers: rent was credited directly to their accounts and the assessee retained only a limited maintenance or service charge. The principal rent was therefore not assessable in the assessee's hands, while the service-related receipt remained taxable if not already offered. Case-Laws Income Tax Tue, 24 Jan 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56820