GPA holder cannot be taxed on sale of property When he was not owner of property

Shri Rama Chandra Reddy Vs. ITO (ITAT Hyderabad) In this case GPA was given by three persons i.e. (i) Shri K. Pratap Reddy, Sri K. Madhav Reddy and Shri K. Dharma Reddy in favour of the assessee in the year 1990 and it is mentioned therein that the possession of the said land was also given to the assessee, but there is no consideration mentioned in the said GPA. As seen from the sale deed dated 28.06.2007, the landowners are shown as the vendors represented by the GPA holder i.e. the assessee herein and the consideration mentioned therein is Rs.13.00 lakhs. Further, from the statement of Shri...