Advance salary received by employee towards his household expenses couldn't be considered as benami transaction

IT/Prohibition of Benami Property Transactions Act: Where appellant mess employee of college clarified that he received Rs. 50000 from Chairman of Trust running said college as advance salary which was entirely consumed by him towards his household expenses and no amount was deposited by him in his bank account, I.O. was unjustified in holding that amount was given by Chairman to deposit and retain his own money in demonetised currency in guise of loan which was to be repaid after some time in n

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