Section 56(2)(vii)(b): No Tax on Property Received via Power of Attorney Without Consideration, Recipient Not Owner.

Section 56(2)(vii)(b): No Tax on Property Received via Power of Attorney Without Consideration, Recipient Not Owner. https://www.taxtmi.com/highlights?id=46075 Addition u/s 56(2)(vii)(b) - receipt of property through general power of attorney without consideration - it cannot be said that the assessee received the property as owner and was liable to pay the tax on the stamp duty value of the said property en-us Wed, 24 Apr 2019 09:12:33 +0530 Wed, 24 Apr 2019 09:12:33 +0530 TaxTMI RSS Generator Section 56(2)(vii)(b): No Tax on Property Received via Power of Attorney Without Consideration, Recipient Not Owner. https://www.taxtmi.com/highlights?id=46075 Addition u/s 56(2)(vii)(b) - receipt of property through general power of attorney without consideration - it cannot be said that the assessee received the property as owner and was liable to pay the tax on the stamp duty value of the said property Highlights Income Tax Wed, 24 Apr 2019 09:12:33 +0530 https://www.taxtmi.com/highlights?id=46075