There is no requirement that there has to be a registered Deed of conveyance for a person to be treated as an owner for the purpose of section 22

RELEVANT PARAGRAPHS:

3. At the threshold on behalf of the appellant, the learned counsel submits that the concept of ownership considering the provisions of the Transfer of Property Act read with Registration Act is different in the context of the provisions of the Income-tax Act. What is to be considered for the purpose of Income Tax Act are the provisions of section.