https://www.taxtmi.com/caselaws?id=278618 The tribunal dismissed the appeal against the order passed u/s 263 due to an un-condoned delay of 478 days. However, the appeal challenging the disallowance of the claim of exemption u/s 54 was allowed. The tribunal held that transfer through a General Power of Attorney constitutes a transfer of capital asset, thereby entitling the assessee to the benefit of exemption u/s 54. The judgment was pronounced on 11th October 2018 by ITAT Delhi. en-us Thu, 11 Oct 2018 00:00:00 +0530 Thu, 14 Feb 2019 06:16:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278618 The tribunal dismissed the appeal against the order passed u/s 263 due to an un-condoned delay of 478 days. However, the appeal challenging the disallowance of the claim of exemption u/s 54 was allowed. The tribunal held that transfer through a General Power of Attorney constitutes a transfer of capital asset, thereby entitling the assessee to the benefit of exemption u/s 54. The judgment was pronounced on 11th October 2018 by ITAT Delhi. Case-Laws Income Tax Thu, 11 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278618