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Direct Taxes - Highlights / Catch Notes

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Benami Transaction or not - properties purchased by the father ...

Case Laws     Direct Taxes

April 25, 2023

Benami Transaction or not - properties purchased by the father in the name of mother - he person in whose name stamp papers were purchased, more so when they are spouses, can never be considered as a strong piece of evidence to compel an inference conclusively the intent behind a purchase. This Court considers that it is far too inadequate to prove benami. - HC

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