2012 (12) TMI 460

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....een filed under Section 260-A of the Income Tax Act, 1961 (hereinafter referred to as the 'Act') against the order dated 4.9.2009 passed by the Income Tax, appellate Tribunal, Allahabad. The Commissioner of Income Tax (Appeals) Varanasi) had proposed the following question said to be substantial question of law arising out of the order of Tribunal: "Whether on the facts and in the circumstances....

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....r daughters. The other three daughters had executed power of attorney in favour of the respondent assessee. The sale price of the plot was Rs. 70 lakh. The Assessing Officer was of the view that as the assessee had received the sale consideration payable to her three sisters as their power of attorney the amount is liable to tax as income from other sources. Feeling aggrieved the assessee prefe....