Benami transaction - source of carrying huge cash - The fact of ...

Case Laws Direct Taxes

September 5, 2023

Benami transaction - source of carrying huge cash - The fact of the matter is that, here is the petitioner who is found to possess unexplained cash which he tries to explain through conflicting versions. Whether a person Sultan Foumi exists itself now comes under the scanner, since the response of the petitioner to the notice under Sec.24(1) of the Act seems to suggest something different. Could Sultan Foumi be a fictitious character? It is for the petitioner to explain. - Petition dismissed - HC

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Benami transaction - source of carrying huge cash - The fact of ...

Case Laws Direct Taxes

September 5, 2023

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