https://www.taxtmi.com/caselaws?id=60308 The Tribunal held that the legal ownership of the property remained with the assessee-company due to the absence of a registered deed of conveyance. Consequently, the company was liable to pay tax on the rental income of Rs. 4,48,345 under sections 22 to 24 of the Income-tax Act, 1961. The Tribunal overturned the CIT(Appeals) decision and upheld the Assessing Officer's addition, ruling in favor of the revenue. en-us Wed, 13 May 1992 00:00:00 +0530 Tue, 04 Jan 2011 16:11:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60308 The Tribunal held that the legal ownership of the property remained with the assessee-company due to the absence of a registered deed of conveyance. Consequently, the company was liable to pay tax on the rental income of Rs. 4,48,345 under sections 22 to 24 of the Income-tax Act, 1961. The Tribunal overturned the CIT(Appeals) decision and upheld the Assessing Officer's addition, ruling in favor of the revenue. Case-Laws Income Tax Wed, 13 May 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60308