https://www.taxtmi.com/circulars?id=4765 Liability for estate duty in respect of property held benami arises on the death of the real (beneficial) owner, since the beneficial owner holds the true title and the benamidar is merely an ostensible owner with no proprietary interest; inability to recover property from a purchaser lacking notice does not confer real title on the benamidar, so assessment under the Estate Duty Act proceeds on the basis of the beneficial owner's death and title. en-us Fri, 15 Jul 1983 00:00:00 +0530 Sat, 02 Aug 2008 15:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4765 Liability for estate duty in respect of property held benami arises on the death of the real (beneficial) owner, since the beneficial owner holds the true title and the benamidar is merely an ostensible owner with no proprietary interest; inability to recover property from a purchaser lacking notice does not confer real title on the benamidar, so assessment under the Estate Duty Act proceeds on the basis of the beneficial owner's death and title. Circulars Income Tax Fri, 15 Jul 1983 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4765