https://www.taxtmi.com/caselaws?id=17601 The High Court found that the Tribunal erred in requiring positive evidence of benami transactions and failed to consider primary facts indicating the contracts were not genuine. The Court directed the Tribunal to re-examine the case, considering the observations and facts provided by the ITO. The High Court quashed the Tribunal's order and returned the reference unanswered, without costs. en-us Tue, 06 Aug 1996 00:00:00 +0530 Wed, 23 Sep 2009 15:38:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17601 The High Court found that the Tribunal erred in requiring positive evidence of benami transactions and failed to consider primary facts indicating the contracts were not genuine. The Court directed the Tribunal to re-examine the case, considering the observations and facts provided by the ITO. The High Court quashed the Tribunal's order and returned the reference unanswered, without costs. Case-Laws Income Tax Tue, 06 Aug 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17601