{"id":505,"date":"2009-03-08T12:57:57","date_gmt":"2009-03-08T12:57:57","guid":{"rendered":"http:\/\/itatonline.org\/archives\/?p=505"},"modified":"2009-03-08T12:57:57","modified_gmt":"2009-03-08T12:57:57","slug":"pallonji-mistry-vs-cit-bombay-high-court","status":"publish","type":"post","link":"https:\/\/itatonline.org\/archives\/pallonji-mistry-vs-cit-bombay-high-court\/","title":{"rendered":"Pallonji Mistry vs. CIT (Bombay High Court)"},"content":{"rendered":"<p><a href=\"http:\/\/www.itatonline.org\/dlmonitor\/download.php?t=f&#038;i=220\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/www.itatonline.org\/images\/download.gif?w=605\" class=\"alignright\" border=\"0\" \/><\/a><\/p>\n<p><strong>Even non-owner can be &#8220;owner&#8221; under the Act<\/strong><\/p>\n<p>Though it is the settled position under the common law that the term \u201cowner\u201d means a person who has valid title legally conveyed to him after complying with the requirements of law such as Transfer of Property Act, Registration Act, etc, a different view has to be taken in the context of S. 22 of the Act having regard to the ground realities and the object of the Act, namely, &#8220;to tax the income&#8221;. Accordingly, the term \u201cowner\u201d means a person who is entitled to receive income from the property in his own right.&#8221; There is no requirement that there has to be a registered Deed of conveyance for a person to be treated as an owner for purposes of S. 22.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Though it is the settled position under the common law that the term \u201cowner\u201d means a person who has valid title legally conveyed to him after complying with the requirements of law such as Transfer of Property Act, Registration Act, etc, a different view has to be taken in the context of S. 22 of the Act having regard to the ground realities and the object of the Act, namely, &#8220;to tax the income&#8221;. Accordingly, the term \u201cowner\u201d means a person who is entitled to receive income from the property in his own right.&#8221; There is no requirement that there has to be a registered Deed of conveyance for a person to be treated as an owner for purposes of S. 22.<\/p>\n<div class=\"read-more\"><a href=\"https:\/\/itatonline.org\/archives\/pallonji-mistry-vs-cit-bombay-high-court\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[4,5],"tags":[],"class_list":["post-505","post","type-post","status-publish","format-standard","hentry","category-all-judgements","category-high-court"],"acf":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/posts\/505","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/comments?post=505"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/posts\/505\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/media?parent=505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/categories?post=505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/tags?post=505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}