https://www.taxtmi.com/caselaws?id=373044 Execution of a general power of attorney, without consideration and without handing over possession, did not amount to a transfer for capital gains purposes under section 2(47)(v) or section 2(47)(vi) read with section 53A of the Transfer of Property Act, 1882. A GPA that merely authorised management and sale of the property was not treated as a sale-cum-power-of-attorney arrangement. The transfer was therefore linked to the registered sale deed executed later, when the sale was completed and the balance consideration was received. Capital gains were accordingly chargeable in the year corresponding to the registered sale deed. en-us Fri, 28 Dec 2018 00:00:00 +0530 Sat, 05 Jan 2019 13:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373044 Execution of a general power of attorney, without consideration and without handing over possession, did not amount to a transfer for capital gains purposes under section 2(47)(v) or section 2(47)(vi) read with section 53A of the Transfer of Property Act, 1882. A GPA that merely authorised management and sale of the property was not treated as a sale-cum-power-of-attorney arrangement. The transfer was therefore linked to the registered sale deed executed later, when the sale was completed and the balance consideration was received. Capital gains were accordingly chargeable in the year corresponding to the registered sale deed. Case-Laws Income Tax Fri, 28 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373044