Benami transaction doesn’t include property held in name of spouse or children out of legitimate sources of income

INCOME-TAX/BENAMI ACT : Where there was no conclusion arrived at by Income-tax Authorities in show cause notice that properties in question, allegedly held by petitioner as benamidar, were procured by beneficial owner not from known his source of income, show cause notice was to be stayed

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000197145/benami-transaction-doesn’t-include-property-held-in-name-of-spouse-or-children-out-of-legitimate-sources-of-income.aspx