https://www.taxtmi.com/caselaws?id=17089 The court ruled in favor of the Revenue, upholding that the wife was a benamidar for the assessee in the business of M/s Friends Automobiles. It was determined that the wife was not the real proprietor, and the business income rightfully belonged to the assessee. The addition of Rs. 33,495 as income to the assessee was deemed appropriate, as the capital and management of the business were controlled by the assessee. The court held that the onus to prove the benami nature of the transaction was successfully discharged by the Revenue, leading to a decision against the assessee. en-us Tue, 29 Jul 1997 00:00:00 +0530 Tue, 15 Sep 2009 11:28:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17089 The court ruled in favor of the Revenue, upholding that the wife was a benamidar for the assessee in the business of M/s Friends Automobiles. It was determined that the wife was not the real proprietor, and the business income rightfully belonged to the assessee. The addition of Rs. 33,495 as income to the assessee was deemed appropriate, as the capital and management of the business were controlled by the assessee. The court held that the onus to prove the benami nature of the transaction was successfully discharged by the Revenue, leading to a decision against the assessee. Case-Laws Income Tax Tue, 29 Jul 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17089