https://www.taxtmi.com/caselaws?id=18965 A factual finding on benami ownership and source of investment will not be disturbed unless it is perverse or unsupported by the record. The business in the name of Rawat Electricals was found to belong to Gulzarilal Rawat, not Suresh Kumar Rawat, because the income had been assessed in Gulzarilal Rawat's hands and only protectively in the assessee's hands, while the assessee failed to establish ownership. The unexplained Rs. 8,000 investment was also treated as coming from Gulzarilal Rawat, as the assessee could not explain the source and the record supported that conclusion. Both factual findings were sustained. en-us Mon, 06 Feb 1995 00:00:00 +0530 Tue, 03 Nov 2009 11:11:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18965 A factual finding on benami ownership and source of investment will not be disturbed unless it is perverse or unsupported by the record. The business in the name of Rawat Electricals was found to belong to Gulzarilal Rawat, not Suresh Kumar Rawat, because the income had been assessed in Gulzarilal Rawat's hands and only protectively in the assessee's hands, while the assessee failed to establish ownership. The unexplained Rs. 8,000 investment was also treated as coming from Gulzarilal Rawat, as the assessee could not explain the source and the record supported that conclusion. Both factual findings were sustained. Case-Laws Income Tax Mon, 06 Feb 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18965