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Income Tax - Highlights / Catch Notes

Home Highlights December 2018 Year 2018 This

Benami transactions - The existence of the “benami” transaction ...

Income Tax

December 5, 2018

Benami transactions - The existence of the “benami” transaction has to be proved by the authorities i.e. the person who alleges the transaction - The transaction where cash is paid to person in lieu of a future promise cannot be a “benami” transaction as there is no lending of name.

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