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TMI Blog2012 (12) TMI 460X X X X Extracts X X X X X X X X Extracts X X X X ..... unt of power of attorney executed by them in her favour. At the most she could be treated as an agent. The amount has to be assessed in the hands of sisters and not at the hand of the assessee. Therefore, the order of Tribunal does not suffer from any illegality. - INCOME TAX APPEAL No. - 123 of 2010 - - - Dated:- 11-12-2012 - R.K. AGRAWAL, AND RAM SURAT RAM (MAURYA), JJ. Petitioner Counsel ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es to the assessment year 2006-2007. The respondent assessee filed a return of Income at Rs.6,92,670/-. She had disclosed long term capital gain Rs.942375/-. During the course of assessment it was noticed that the assessee had claimed long term gain on 1/4th share of the plot no.117/SN/73 Sarvodaya Nagar, Kanpur which was owned by her father late K.G. Natraj on lease for a period of 999 years at t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed the Revenue filed an appeal before the Tribunal. The Tribunal by the impugned order has dismissed the appeal. We have heard Sri Ashok Kumar, learned Senior Standing Counsel for the appellant and learned counsel for the respondent. Sri Ashok Kumar submitted that the amount was received by the assessee holding power of attorney. The amount ought to have been taxed at her hands and Tribunal ..... X X X X Extracts X X X X X X X X Extracts X X X X
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