https://www.taxtmi.com/caselaws?id=67772 The Tribunal overturned the lower authorities' decision to refuse registration to the assessee firm under s. 185(1)(b) based on allegations of Smt. Prabha Agarwal being a benamidar. The Tribunal found that Smt. Prabha Agarwal had invested her own funds, had control over them, and was a genuine partner, shifting the burden of proof to the Revenue to establish benami transactions. The Tribunal concluded that the refusal of registration was unjustified, directing the firm to be treated as genuine for the assessment year. en-us Tue, 26 Feb 1980 00:00:00 +0530 Mon, 14 Mar 2011 15:15:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67772 The Tribunal overturned the lower authorities' decision to refuse registration to the assessee firm under s. 185(1)(b) based on allegations of Smt. Prabha Agarwal being a benamidar. The Tribunal found that Smt. Prabha Agarwal had invested her own funds, had control over them, and was a genuine partner, shifting the burden of proof to the Revenue to establish benami transactions. The Tribunal concluded that the refusal of registration was unjustified, directing the firm to be treated as genuine for the assessment year. Case-Laws Income Tax Tue, 26 Feb 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67772