https://www.taxtmi.com/forum/issue?id=110681 Recognition of capital gains depends on transfer of title and receipt of consideration; the Income Tax Act does not fix a particular mode of transfer. The taxpayer claims acquisition by power of attorney with possession and declared rental income before sale. The tax department contends the acquisition method (power of attorney and agreement) undermines entitlement to long term capital gains treatment. en-us Sun, 24 Jul 2016 20:37:45 +0530 Thu, 23 Jan 2025 15:56:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=110681 Recognition of capital gains depends on transfer of title and receipt of consideration; the Income Tax Act does not fix a particular mode of transfer. The taxpayer claims acquisition by power of attorney with possession and declared rental income before sale. The tax department contends the acquisition method (power of attorney and agreement) undermines entitlement to long term capital gains treatment. Discussion-Forum Income Tax Sun, 24 Jul 2016 20:37:45 +0530 https://www.taxtmi.com/forum/issue?id=110681