https://www.taxtmi.com/caselaws?id=472641 Capital gains arising from the sale of land are not assessable in the hands of a registered power-of-attorney holder who acted solely for the owner. A power of attorney creates an agency relationship, authorising the attorney holder to execute and complete the sale on the principal's behalf, but does not itself transfer ownership or create a personal proprietary right. Where the sale deed and power of attorney establish such agency and the consideration was paid to the owner, the sale proceeds cannot be treated as the attorney holder's capital gains, and the addition is deleted. en-us Tue, 22 Apr 2025 00:00:00 +0530 Mon, 19 Oct 2026 19:03:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472641 Capital gains arising from the sale of land are not assessable in the hands of a registered power-of-attorney holder who acted solely for the owner. A power of attorney creates an agency relationship, authorising the attorney holder to execute and complete the sale on the principal's behalf, but does not itself transfer ownership or create a personal proprietary right. Where the sale deed and power of attorney establish such agency and the consideration was paid to the owner, the sale proceeds cannot be treated as the attorney holder's capital gains, and the addition is deleted. Case-Laws Income Tax Tue, 22 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472641