2002 (8) TMI 867 - HC - Income Tax

Summary

The Delhi High Court held that rental income from a house property should be assessed under the head 'Income from house property' and not as 'Income from other sources'. The decision was based on a Supreme Court ruling stating that registration of sale deed is not necessary to determine ownership for tax purposes. The court ruled in favor of the assessee, citing that possession of the property by the purchaser entitles them to be considered the "owner" for tax assessment purposes.