https://www.taxtmi.com/forum/issue?id=110231 Facts: a 2011 agreement to sell and a contemporaneous registered General Power of Attorney were followed by a 2015 allotment, lease and possession in favour of the original seller; the GPA holder executed a transfer deed to a new buyer using his PAN while sale proceeds were paid in the name of Mr A and one percent TDS was deducted. Operative issues: identification of the transferor for capital gains, applicable holding period, taxpayer liability for capital gain, potential classification as long term capital gain, correctness of the PAN used by the GPA holder, and treatment of amounts received by Mr A if he is not the transferor. en-us Sat, 23 Apr 2016 12:07:56 +0530 Thu, 23 Jan 2025 15:56:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=110231 Facts: a 2011 agreement to sell and a contemporaneous registered General Power of Attorney were followed by a 2015 allotment, lease and possession in favour of the original seller; the GPA holder executed a transfer deed to a new buyer using his PAN while sale proceeds were paid in the name of Mr A and one percent TDS was deducted. Operative issues: identification of the transferor for capital gains, applicable holding period, taxpayer liability for capital gain, potential classification as long term capital gain, correctness of the PAN used by the GPA holder, and treatment of amounts received by Mr A if he is not the transferor. Discussion-Forum Income Tax Sat, 23 Apr 2016 12:07:56 +0530 https://www.taxtmi.com/forum/issue?id=110231