Tax implications on transfer of assets through general power of attorney

Sachin Pandey (Article Assistant) (70 Points)

23 June 2014  
A legal Owner of An asset wants to transfer his asset to some other person. Instead of direct transaction with that person, he first transferred his asset to an agent through a general power of attorney. And consequently that agent transferred the assets to that person. My question is : When will the liability of capital gains tax arise under such case?