https://www.taxtmi.com/caselaws?id=60482 For section 22, "owner" is applied in a practical sense: a person who has paid the consideration, is in possession and enjoyment of the property, has let it out, and actually receives rent may be treated as the owner even if a registered sale deed has not yet been executed. On that basis, the rental receipts were correctly assessable in the assessee's hands as income from house property, and the argument that the income was not taxable at all or could not fall under another head failed. The later insertion of section 2(47)(v) was stated not to alter that position for the controversy considered. en-us Thu, 04 Jun 1992 00:00:00 +0530 Wed, 05 Jan 2011 15:26:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60482 For section 22, "owner" is applied in a practical sense: a person who has paid the consideration, is in possession and enjoyment of the property, has let it out, and actually receives rent may be treated as the owner even if a registered sale deed has not yet been executed. On that basis, the rental receipts were correctly assessable in the assessee's hands as income from house property, and the argument that the income was not taxable at all or could not fall under another head failed. The later insertion of section 2(47)(v) was stated not to alter that position for the controversy considered. Case-Laws Income Tax Thu, 04 Jun 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60482