2002 (8) TMI 889

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..... 9; Delhi (hereinafter referred to as the Tribunal) has referred under section 256(1) of the Income Tax Act, 1961 (hereinafter referred to as 'the Act') the following question, arising out of ITA. No. 2635/Del/1984 for the assessment year 1979-80, for our opinion : "Whether, on the facts and in the circumstances of the case, the Tribunal was correct in law in holding that rental inco .....

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..... from the property in his own right. In other words, what has been held is that if the purchaser has been put in possession of the property on his paying the full consideration, he can be treated as "owner" for the purpose of section 22 of the Act, even though no registered document as required under section 54 of the Transfer of Property Act, has been executed in his favor. 3. In view o .....

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