Wednesday, April 3, 2019

Suit challenging transaction falling u/s 4(3)(b) isn’t barred u/s 4 of Benami Property Act: SC

CL : Where appellant filed a suit for declaration of title with respect to premises and prayed that he be declared owner of premises and that sale deed dated 24-7-2006 executed by first defendant in favour of second defendant be cancelled and second defendant submitted an application under Order VII Rule 11 of Code of Civil Procedure praying for rejection of plaint on ground that suit was barred under section 4 of Benami Transaction (Prohibition) Act, 1988,

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000187405/suit-challenging-transaction-falling-us-43b-isn’t-barred-us-4-of-benami-property-act-sc.aspx

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

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