https://www.taxtmi.com/caselaws?id=245878 A mere special power of attorney or facilitative arrangement, without proof of possession, consideration, or completion of part performance under section 2(47)(v) read with section 53A, does not amount to a transfer for capital gains purposes. On the facts stated, the assessee remained the owner until the registered sale deed was executed on 23.10.2007, so the transfer was treated as occurring on that date rather than in 1994. Section 50C was therefore applied by reference to the stamp valuation on the date of the registered sale, and the capital gains were held taxable in the relevant year of sale. en-us Fri, 04 Apr 2014 00:00:00 +0530 Fri, 11 Apr 2014 11:35:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245878 A mere special power of attorney or facilitative arrangement, without proof of possession, consideration, or completion of part performance under section 2(47)(v) read with section 53A, does not amount to a transfer for capital gains purposes. On the facts stated, the assessee remained the owner until the registered sale deed was executed on 23.10.2007, so the transfer was treated as occurring on that date rather than in 1994. Section 50C was therefore applied by reference to the stamp valuation on the date of the registered sale, and the capital gains were held taxable in the relevant year of sale. Case-Laws Income Tax Fri, 04 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245878