Tuesday, January 21, 2020

Onus to prove that a transaction is benami is upon one who asserts it: SC

INCOME TAX/BENAMI ACT : Benami transactions are forbidden by reason of section 3; no action lies, nor can any defense in a suit be taken, based on any benami transaction in terms of section 4 and onus of establishing that a transaction is benami is upon one who asserts it

from www.taxmann.com Latest Case Laws https://ift.tt/2G7DwIU
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