Monday, August 13, 2018

Merely buying property in name of his wife could not be treated as benami property: Delhi HC

Benami Act : It is legally permissible for a person to purchase an immovable property in name of his spouse from his known sources, and in which position, property purchased will not be a benami property but property will be of de jure owner/plaintiff/husband and not of de facto owner (in whose name title deeds exist), being respondent/defendant/wife in instant case

from www.taxmann.com Latest Case Laws https://ift.tt/2nAlGVI

No comments:

Post a Comment

AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...