https://www.taxtmi.com/caselaws?id=378921 The Tribunal allowed the appeal, deleting the addition of Rs. 46,50,000/- made by the AO, and held that being a Power of Attorney (PoA) holder did not make the assessee liable for tax on the stamp duty value of the property. The assessment order under sections 143(3)/147 was deemed invalid due to non-compliance with mandatory conditions under section 147. The decision emphasized that a PoA does not equate to ownership and cannot be taxed as such. en-us Thu, 17 Jan 2019 00:00:00 +0530 Tue, 23 Apr 2019 18:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378921 The Tribunal allowed the appeal, deleting the addition of Rs. 46,50,000/- made by the AO, and held that being a Power of Attorney (PoA) holder did not make the assessee liable for tax on the stamp duty value of the property. The assessment order under sections 143(3)/147 was deemed invalid due to non-compliance with mandatory conditions under section 147. The decision emphasized that a PoA does not equate to ownership and cannot be taxed as such. Case-Laws Income Tax Thu, 17 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378921