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1969 (6) TMI 14 - HC - Income Tax
Ownership of premises - sale of property - in the case of a sale of immovable property a registered document is necessary to give effect to the sale - sale takes effect from the date of execution of the document - expression "income from property" used in ss. 6 and 9 of the IT Act 1922, refers to the income of the legal owner of the property who is the only person assessable to tax on the basis of the bonafide annual value thereof