https://www.taxtmi.com/caselaws?id=219445 The High Court dismissed the appeal under Section 260-A of the Income Tax Act, 1961, against the Tribunal's decision to delete the addition of Rs.52,50,000/- made by the Assessing Officer under income from other sources. The Court upheld that the amount received by the assessee, holding power of attorney, should be assessed in the hands of her sisters as she acted as an agent on their behalf, not personally owning the property in question. en-us Tue, 11 Dec 2012 00:00:00 +0530 Fri, 14 Dec 2012 08:59:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219445 The High Court dismissed the appeal under Section 260-A of the Income Tax Act, 1961, against the Tribunal's decision to delete the addition of Rs.52,50,000/- made by the Assessing Officer under income from other sources. The Court upheld that the amount received by the assessee, holding power of attorney, should be assessed in the hands of her sisters as she acted as an agent on their behalf, not personally owning the property in question. Case-Laws Income Tax Tue, 11 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219445