https://www.taxtmi.com/caselaws?id=58569 For house property income under section 23 of the Income-tax Act, ownership continued until registration of the conveyance deed, so the assessee remained taxable on the property income up to that date. Where no rent was actually received, the annual value had to be computed on a notional basis, but in a rent-controlled area it could not exceed the standard rent. The assessment was therefore sustained on the ownership issue, while the annual value question required fresh determination by reference to standard rent. en-us Tue, 18 Sep 1984 00:00:00 +0530 Mon, 20 Dec 2010 16:39:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58569 For house property income under section 23 of the Income-tax Act, ownership continued until registration of the conveyance deed, so the assessee remained taxable on the property income up to that date. Where no rent was actually received, the annual value had to be computed on a notional basis, but in a rent-controlled area it could not exceed the standard rent. The assessment was therefore sustained on the ownership issue, while the annual value question required fresh determination by reference to standard rent. Case-Laws Income Tax Tue, 18 Sep 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58569