https://www.taxtmi.com/caselaws?id=28012 The court upheld the disallowance of expenditure by a company for payments to two minor sons, finding no justification for the deduction. The individual's income-tax assessment was challenged based on these payments, but the court quashed the notice under section 148, citing lack of material to establish benami income. Despite suspicions raised by the Revenue, the court emphasized the necessity of a clear nexus between evidence and the belief of benami income. Insufficient evidence led to the dismissal of the appeal, as the court found no valid basis for the belief of benami income or the notice under section 148. en-us Thu, 01 Mar 1984 00:00:00 +0530 Wed, 17 Feb 2010 13:30:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28012 The court upheld the disallowance of expenditure by a company for payments to two minor sons, finding no justification for the deduction. The individual's income-tax assessment was challenged based on these payments, but the court quashed the notice under section 148, citing lack of material to establish benami income. Despite suspicions raised by the Revenue, the court emphasized the necessity of a clear nexus between evidence and the belief of benami income. Insufficient evidence led to the dismissal of the appeal, as the court found no valid basis for the belief of benami income or the notice under section 148. Case-Laws Income Tax Thu, 01 Mar 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28012