Owner Selling Property through GPA Holder: ITAT confirms Income as LTCG [Read Order]

LTCG - for - Sale - of - Equity - Shares - as - Bogus - Income - Tax - Act - ITAT - confirms - Income - Tax - Addition - TAXSCAN

The Chennai Bench of the Income Tax Appellate Tribunal (ITAT), confirmed income as Long Term Capital Gain in the case of owner selling property through General Power of Attorney (GPA). The only issue in the appeal of the assessee, Dr Sabesan Parameswaran is as regards to the order of the CIT(A) confirming the action of…

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