https://www.taxtmi.com/caselaws?id=9108 Whether a partnership was benami for a Hindu undivided family was decided by assessing beneficial ownership and surrounding circumstances: partners were wives of family members, initial capital came from the family, partners lacked business experience while the karta managed operations, business activity and premises overlapped with the family, and accounts showed no profit withdrawals by partners. The Tribunal evaluated the cumulative factual nexus and human probabilities to test beneficial enjoyment of profits and concluded there was sufficient material to treat the firm as benami in favour of the Revenue. en-us Tue, 06 Mar 1973 00:00:00 +0530 Fri, 19 Jun 2009 15:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9108 Whether a partnership was benami for a Hindu undivided family was decided by assessing beneficial ownership and surrounding circumstances: partners were wives of family members, initial capital came from the family, partners lacked business experience while the karta managed operations, business activity and premises overlapped with the family, and accounts showed no profit withdrawals by partners. The Tribunal evaluated the cumulative factual nexus and human probabilities to test beneficial enjoyment of profits and concluded there was sufficient material to treat the firm as benami in favour of the Revenue. Case-Laws Income Tax Tue, 06 Mar 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9108