https://www.taxtmi.com/caselaws?id=170187 Income-tax authorities may rely on confidential information if the assessee is informed of its substance and given a fair chance to meet it, and they may test the real nature of a transaction beyond a registered document when supported by surrounding material. The text further states that valuation findings on agricultural lands and property are generally factual, but unsupported additions, such as an arbitrary increase for fittings and accessories, are not sustainable. It also notes that a benami purchase may still carry beneficial ownership to the assessee where the evidence shows that was the intended effect of the arrangement. en-us Tue, 29 Feb 1944 00:00:00 +0630 Tue, 19 May 2015 14:41:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170187 Income-tax authorities may rely on confidential information if the assessee is informed of its substance and given a fair chance to meet it, and they may test the real nature of a transaction beyond a registered document when supported by surrounding material. The text further states that valuation findings on agricultural lands and property are generally factual, but unsupported additions, such as an arbitrary increase for fittings and accessories, are not sustainable. It also notes that a benami purchase may still carry beneficial ownership to the assessee where the evidence shows that was the intended effect of the arrangement. Case-Laws Income Tax Tue, 29 Feb 1944 00:00:00 +0630 https://www.taxtmi.com/caselaws?id=170187