https://www.taxtmi.com/highlights?id=43404 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. There can be no “benami” transaction if the future benefit is due from the person who is also the holder of property. en-us Thu, 20 Dec 2018 09:39:10 +0530 Thu, 20 Dec 2018 09:39:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=43404 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. There can be no “benami” transaction if the future benefit is due from the person who is also the holder of property. Highlights Income Tax Thu, 20 Dec 2018 09:39:10 +0530 https://www.taxtmi.com/highlights?id=43404