https://www.taxtmi.com/caselaws?id=384449 The Tribunal upheld the AO's assessment of capital gains on properties sold by a non-resident assessee, despite the assessee's failure to respond to notices and provide necessary information. The Tribunal found the notice u/s 148 valid and confirmed the additions made under 'short term capital gains' and 'long term capital gains'. The Tribunal determined that the sale agreement coupled with power of attorney constituted a complete transfer, leading to the assessment of capital gains. The appeal was dismissed, and the decision was pronounced on 19th July 2019. en-us Fri, 19 Jul 2019 00:00:00 +0530 Tue, 13 Aug 2019 16:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384449 The Tribunal upheld the AO's assessment of capital gains on properties sold by a non-resident assessee, despite the assessee's failure to respond to notices and provide necessary information. The Tribunal found the notice u/s 148 valid and confirmed the additions made under 'short term capital gains' and 'long term capital gains'. The Tribunal determined that the sale agreement coupled with power of attorney constituted a complete transfer, leading to the assessment of capital gains. The appeal was dismissed, and the decision was pronounced on 19th July 2019. Case-Laws Income Tax Fri, 19 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384449