https://www.taxtmi.com/highlights?id=43090 Benami transactions - The existence of the “benami” transaction has to be proved by the authorities i.e. the person who alleges the transaction - The transaction where cash is paid to person in lieu of a future promise cannot be a “benami” transaction as there is no lending of name. en-us Wed, 05 Dec 2018 08:15:50 +0530 Wed, 05 Dec 2018 08:15:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=43090 Benami transactions - The existence of the “benami” transaction has to be proved by the authorities i.e. the person who alleges the transaction - The transaction where cash is paid to person in lieu of a future promise cannot be a “benami” transaction as there is no lending of name. Highlights Income Tax Wed, 05 Dec 2018 08:15:50 +0530 https://www.taxtmi.com/highlights?id=43090