Property Sale Agreement Triggers Capital Gains Tax u/s 47: Transfer Complete with Agreement, Power of Attorney, and Possession.

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Full Text of the Document

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....Long term capital gains - as per assessee only the agreement to sale , hence, does not cover for the purpose of capital gains - once the assessee had entered into agreement of sale coupled with power of attorney and handed over the possession of the property to the vendee, the transfer is complete as provided u/s 47 - gain taxable....