Capital Gain in hand of GPA holder - the recitals in the GPA ...

Assessee Not Liable for Capital Gains Tax Due to Lack of Property Ownership Under Irrevocable GPA.

July 2, 2019

Case Laws Income Tax AT

Capital Gain in hand of GPA holder - the recitals in the GPA show that the assessee is not the owner of the property but has only been granted authority to convey the property to third party, therefore, he cannot became the owner of the property by virtue of the irrevocable GPA - since the assessee is not the owner of the property, the capital gain cannot be brought to tax in his hands

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Capital Gain in hand of GPA holder - the recitals in the GPA ...

Assessee Not Liable for Capital Gains Tax Due to Lack of Property Ownership Under Irrevocable GPA.

July 2, 2019

Case Laws Income Tax AT

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