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POA Holder Not Legal Owner Without Formal Transfer: Section 2(47) Requires Proper Documentation for Capital Gains Tax.
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....Long term capital gain - actual owner of the property - Holder of Power Of Attorney (POA) - Transfer of asset u/s 2(47) - In the absence of any transfer document coupled with transfer of possession it cannot be concluded that the assessee was owner of the property in law.- AT....
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