IT : Where Assessing Officer made addition to income of assessee towards long term capital gain on sale of properties by virtue of power of attorny executed by NRIs, who were real owners of properties sold, properties did not belong to assessee and, therefore, capital gain arising from those properties could not be taxed in hands of assessee solely on ground that persons being real owners had not filed their income tax return
from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000183139/no-ltcg-tax-on-poa-holder-just-because-real-owner-didn’t-file-itr-itat.aspx
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