https://www.taxtmi.com/caselaws?id=430655 The Tribunal upheld the decision to treat the entire sale consideration of Rs.7,43,50,000/- as long term capital gain in the individual's hands, rejecting the individual's claim of having received only Rs.30 lakhs. The Tribunal found that the power of attorney holder had no legal right to claim consideration, affirming the lower authorities' assessment. The Tribunal allowed the individual's claim for eviction expenses but required evidence for substantiation, remanding the issue for fresh adjudication by the Assessing Officer. The appeal was partly allowed for statistical purposes. en-us Wed, 16 Nov 2022 00:00:00 +0530 Thu, 24 Nov 2022 10:52:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430655 The Tribunal upheld the decision to treat the entire sale consideration of Rs.7,43,50,000/- as long term capital gain in the individual's hands, rejecting the individual's claim of having received only Rs.30 lakhs. The Tribunal found that the power of attorney holder had no legal right to claim consideration, affirming the lower authorities' assessment. The Tribunal allowed the individual's claim for eviction expenses but required evidence for substantiation, remanding the issue for fresh adjudication by the Assessing Officer. The appeal was partly allowed for statistical purposes. Case-Laws Income Tax Wed, 16 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430655