https://www.taxtmi.com/caselaws?id=398842 A registered power of attorney does not by itself transfer title in immovable property, and capital gains cannot be fastened on an attorney holder merely because he executed the sale deed for the principal owners. Where there is no registered conveyance in the assessee's favour and no evidence that possession or ownership was transferred to him, oral statements cannot override the registered power of attorney and supporting documents. On that basis, the attempted assessment of long-term capital gain in the hands of the attorney holder was unsustainable. en-us Tue, 22 Sep 2020 00:00:00 +0530 Fri, 25 Sep 2020 10:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398842 A registered power of attorney does not by itself transfer title in immovable property, and capital gains cannot be fastened on an attorney holder merely because he executed the sale deed for the principal owners. Where there is no registered conveyance in the assessee's favour and no evidence that possession or ownership was transferred to him, oral statements cannot override the registered power of attorney and supporting documents. On that basis, the attempted assessment of long-term capital gain in the hands of the attorney holder was unsustainable. Case-Laws Income Tax Tue, 22 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398842