https://www.taxtmi.com/caselaws?id=779505 ITAT BANGALORE - AT held that there was no "transfer" under section 2(47)(v) of the Act for AY 2012-13. The tribunal found the agreement of sale is not a conveyance deed and does not confer title, and no agreement of sale was produced in the record. A power of attorney cannot transform such documents into a conveyance deed, so authorities cannot treat the transaction as a transfer attracting capital gains under section 45. Consequently, no capital gains arose for the year under review. en-us Thu, 18 Sep 2025 00:00:00 +0530 Tue, 07 Oct 2025 08:30:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779505 ITAT BANGALORE - AT held that there was no "transfer" under section 2(47)(v) of the Act for AY 2012-13. The tribunal found the agreement of sale is not a conveyance deed and does not confer title, and no agreement of sale was produced in the record. A power of attorney cannot transform such documents into a conveyance deed, so authorities cannot treat the transaction as a transfer attracting capital gains under section 45. Consequently, no capital gains arose for the year under review. Case-Laws Income Tax Thu, 18 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779505