https://www.taxtmi.com/caselaws?id=401802 The tribunal allowed the appeal, directing the AO to delete the addition of Rs. 81,71,835/- from the assessee's income while permitting the AO to take appropriate action against the real owner of the property. The judgment emphasized the importance of substantiating claims with legally admissible evidence and upheld the principle that a power of attorney holder is not liable for capital gains tax in the absence of ownership transfer or receipt of sale consideration. en-us Mon, 14 Dec 2020 00:00:00 +0530 Thu, 17 Dec 2020 09:44:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401802 The tribunal allowed the appeal, directing the AO to delete the addition of Rs. 81,71,835/- from the assessee's income while permitting the AO to take appropriate action against the real owner of the property. The judgment emphasized the importance of substantiating claims with legally admissible evidence and upheld the principle that a power of attorney holder is not liable for capital gains tax in the absence of ownership transfer or receipt of sale consideration. Case-Laws Income Tax Mon, 14 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401802