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The new data on the $\gamma^*\gamma \to \pi^0$ transition form factor of theBelle Collaboration are analyzed in comparison with those of BaBar (includingthe older data of CELLO and CLEO) using an approach based on light-cone sumrules. Performing a 2-, and a 3-parametric fit to these data, we found that theBelle and the BaBar data have no overlap at the $1\sigma$ level. While theBelle data agree with our predictions, the Babar data are in conflict withthem.

Emphasizing the different trends of the existing data for the $\gamma^*\gamma \to \pi^0$ transition form factor