Held that the assessee being a power of attorney holder cannot be treated as the rightful owner of the income which has been arisen on sale of property. He was only a representative capacity. Addition was deleted. (dt. 19-5-2021) (AY. 2003-04, 2004-05).
Bamkimbhai D. Patel v. ITO (2021) BCAJ-September-P. 38 (Ahd.)(Trib.)
S. 69A : Unexplained money-Alleged on-money-Power of attorney holder-Addition cannot be made in the assessment of power of attorney holder. [S. 143(3)]