Assessee and her husband were owners of a property. Assessing Officer held that assessee was 50 per cent owner of property and, thus, income from house property was to be taxed in hands of assessee.  The CIT(A) and Tribunal affirmed  the order of the AO on the ground that holding that since co-ownership of assessee and her husband was evidenced in sale deed but there was no specification of their respective shares in deed, it must be held that husband and wife purchased equal shares.  On appeal the Court held that   mere signing of instrument of conveyance by an individual does not raise any presumption of income being assessed in hands of such individual. The question of taxability would necessarily have to be answered bearing in mind individual who had in fact obtained benefits from property. Order of Tribunal is seta side. Followed  CIT v. Podar Cement (P) Ltd (1997) 92 Taxman 541 / 226 ITR 625 (SC)  (AY. 2015-16)