https://www.taxtmi.com/caselaws?id=6968 Whether the statutory provision for taxing income from property held in another's name was attracted turned on documentary title and burden of proof: the assessment relied lawfully on a sale deed showing the assessee as purchaser and discharged the initial burden, shifting the onus to the assessee to prove benami status and lack of beneficial ownership. The assessee failed to produce corroborative witnesses or evidence to substantiate the claimed gift, and appellate and remand findings upheld the penalty; the provision was held attracted against the assessee. en-us Mon, 31 Oct 1966 00:00:00 +0530 Sat, 07 Feb 2009 12:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6968 Whether the statutory provision for taxing income from property held in another's name was attracted turned on documentary title and burden of proof: the assessment relied lawfully on a sale deed showing the assessee as purchaser and discharged the initial burden, shifting the onus to the assessee to prove benami status and lack of beneficial ownership. The assessee failed to produce corroborative witnesses or evidence to substantiate the claimed gift, and appellate and remand findings upheld the penalty; the provision was held attracted against the assessee. Case-Laws Income Tax Mon, 31 Oct 1966 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6968