Long term capital gain - actual owner of the property - Holder ...

POA Holder Not Legal Owner Without Formal Transfer: Section 2(47) Requires Proper Documentation for Capital Gains Tax.

September 25, 2020

Case Laws Income Tax AT

Long term capital gain - actual owner of the property - Holder of Power Of Attorney (POA) - Transfer of asset u/s 2(47) - In the absence of any transfer document coupled with transfer of possession it cannot be concluded that the assessee was owner of the property in law.- AT

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Long term capital gain - actual owner of the property - Holder ...

POA Holder Not Legal Owner Without Formal Transfer: Section 2(47) Requires Proper Documentation for Capital Gains Tax.

September 25, 2020

Case Laws Income Tax AT

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