Benami property income additions sustained where ownership and improvements were found to be made by the assessee.

Income from a property held benami was treated as assessable in the assessee's hands where later findings showed the Mangalore property stood only in the assessee's name and that both the property and improvements were actually made by the assessee. On that footing, the Appellate Tribunal's basis for deleting the additions could not be sustained, and the additions for the relevant assessment years were held sustainable against the assessee.

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Issues: Whether the Appellate Tribunal was justified in deleting the additions made in respect of income from the Mangalore property for the relevant assessment years.

Analysis: The reference was considered in the light of the later finding that the property stood in the assessee's name only benami, and that the property as well as the improvements were ally made by the assessee. In that view, the basis on which the Tribunal had deleted the additions could not stand.

Conclusion: The question was answered in the negative and against the assessee, and the additions were held to be sustainable.

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