The vector and axial pion-photon transition distribution amplitudes are analyzed in the Spectral Quark Model. We proceed by the evaluation of double distributions through the use of a manifestly covariant calculation based on the alpha representation of propagators. As a result polynomiality is incorporated and calculations become rather simple. Explicit formulas, holding at the low-energy quark-model scale, are obtained. The corresponding form factors for the anomalous decay pi0 -> gamma gamma* and the radiative pion decays are also evaluated and confronted with the data.