Assessee liable to equal tax on income from house property where joint owner’s shares not mentioned in sale deed

Shivani Madan Vs ACIT (ITAT Delhi) Assessee liable to equal tax on income from house property where joint owner’s shares are not mentioned in sale deed The ITAT, Delhi in Smt. Shivani Madan v. ACIT [ITA No. 1642/Del/2020 dated January 5, 2023] has held that the husband and wife will have equal shares in the house property purchased by them as joint owners, wherein, the sale deed had been executed and the shares of co-owners is not specified. Further, the assessee would be liable to pay tax on the 50% of the income from house property. Facts: A search was conducted at the Adam Smith Group on ...