No Transfer on mere appointment of Power of Attorney for property

Sh. Gurdev Singh Vs ITO (ITAT Amritsar) Smt. Harsharan Kaur was 73 years old lady at the relevant time. Therefore, she gave Power of Attorney to the assessee since she could not maintain the property. It was further submitted that within one year from the date of general Power of Attorney, the assessee gave the attorney to Sh. Deepak Pal Singh on 07.01.2011 as an attorney holder only and not as owner of the concerned property. It was submitted that the assessee was appointed as an attorney to the property on behalf of Smt. Harsharan Kaur and received property for a period of less than a year a...