https://www.taxtmi.com/caselaws?id=25079 The case involved transactions of purchases and sales of oil, with the question of whether they were carried out by the assessee in the name of his son. The Tribunal found the transactions to be benami, with the son acting as a mere benamidar due to various circumstances indicating lack of investment or participation by the son. The Tribunal's conclusion was upheld, ruling in favor of the Revenue and denying the assessee's claim, emphasizing the factual nature of benami determinations based on evidence. en-us Wed, 27 Apr 1988 00:00:00 +0530 Mon, 25 Jan 2010 12:18:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25079 The case involved transactions of purchases and sales of oil, with the question of whether they were carried out by the assessee in the name of his son. The Tribunal found the transactions to be benami, with the son acting as a mere benamidar due to various circumstances indicating lack of investment or participation by the son. The Tribunal's conclusion was upheld, ruling in favor of the Revenue and denying the assessee's claim, emphasizing the factual nature of benami determinations based on evidence. Case-Laws Income Tax Wed, 27 Apr 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25079