Determining Benami Transactions: Financial Assistance Alone Doesn't Classify a Deal as Benami; Intent Must Be Clear Under Law.

Determining Benami Transactions: Financial Assistance Alone Doesn't Classify a Deal as Benami; Intent Must Be Clear Under Law. https://www.taxtmi.com/highlights?id=45826 Nature of transaction - benami transaction or not - some financial assistance was given to the buyer of property - that cannot be the sole determinative factor/circumstance to hold the transaction as benami in nature. - The intention behind the financial assistance must be established. en-us Thu, 11 Apr 2019 12:32:49 +0530 Thu, 11 Apr 2019 12:32:49 +0530 TaxTMI RSS Generator Determining Benami Transactions: Financial Assistance Alone Doesn't Classify a Deal as Benami; Intent Must Be Clear Under Law. https://www.taxtmi.com/highlights?id=45826 Nature of transaction - benami transaction or not - some financial assistance was given to the buyer of property - that cannot be the sole determinative factor/circumstance to hold the transaction as benami in nature. - The intention behind the financial assistance must be established. Highlights Indian Laws Thu, 11 Apr 2019 12:32:49 +0530 https://www.taxtmi.com/highlights?id=45826