Tenant co-partnership co-operative housing societies - Whether legal ownership in flats can be said to vest in individual members themselves and not in co-operative society

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..... rative housing societies - Whether legal ownership in flats can be said to vest in individual members themselves and not in co-operative society 1. Instructions were issued in 1955 to the effect that in the case of tenant co-partnership co-operative housing societies, the income from each building should be assessed in the hands of the individual members to whom it had been allotted, notwithstand .....

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..... ety. The builder who had originally purchased the land or taken it on lease, transfers the land and the building thereon to the co-operative society. The society then allots the tenancy in the flats to the members in such a way that each member gets the tenancy rights over the flat which he has purchased. 3. The Board are advised that under the above arrangement, the legal ownership in the flats .....

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