Opportunity to furnish unsecured-loan confirmations is required before reassessment initiation; proceedings require fresh consideration after taxpayer...
Under-reporting on a first reassessment return attracts penalty, while enhanced misreporting penalty requires proof of a statutory misreporting catego...
Will-based claims for property remain benami claims where pleadings allege that the claimant funded acquisition in another's name and the property was held for the claimant's present or future benefit. Such beneficial-owner claims are barred from civil enforcement, and a later Will or proposed re-transfer cannot independently validate restoration of the property. The fiduciary-capacity exception requires a legally recognised property-related fiduciary duty; employment, personal confidence, loyalty, or commercial arrangements alone are insufficient. Courts may reject a plaint at the threshold where its own averments disclose the statutory elements of benami and no legally sustainable exception, while genuine fact-dependent fiduciary disputes require evidence. Re-transfer contrary to the statutory prohibition is void, and statutory adjudicatory mechanisms may displace civil-court jurisdiction.
Will-based claims for property remain benami claims where pleadings allege that the claimant funded acquisition in another's name and the property was held for the claimant's present or future benefit. Such beneficial-owner claims are barred from civil enforcement, and a later Will or proposed re-transfer cannot independently validate restoration of the property. The fiduciary-capacity exception requires a legally recognised property-related fiduciary duty; employment, personal confidence, loyalty, or commercial arrangements alone are insufficient. Courts may reject a plaint at the threshold where its own averments disclose the statutory elements of benami and no legally sustainable exception, while genuine fact-dependent fiduciary disputes require evidence. Re-transfer contrary to the statutory prohibition is void, and statutory adjudicatory mechanisms may displace civil-court jurisdiction.
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