No Capital Gains Additions for GPA Holder: No Property Transfer Without Consideration in Power of Attorney.

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Full Text of the Document

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....Additions on account of long term capital gains arising from transfer of land - GPA holder - when in the registered power of attorney no consideration has passed on from assessee to the original owner, there was no question of any transfer of property in favour of the assessee. - He has merely acted upon GPA - No additions in the hands of GPA holder.....