https://www.taxtmi.com/caselaws?id=433704 In a benami dispute over properties purchased in the wife's name, the Court treated Section 3(2) of the Benami Transactions (Prohibition) Act, 1988 as creating a rebuttable presumption that the purchase was for her benefit. The presumption was found displaced by income-tax materials, account records, agricultural income details, receipts, licence documents, and oral evidence showing the husband's sufficient means, negotiation of the transactions, and funding of the purchases. The wife's alternative case that her father funded the purchases was found improbable and unsupported. The suit properties were therefore treated as benami purchases for the husband's benefit, and the declaration in favour of the respondent was sustained. en-us Mon, 30 Jan 2023 00:00:00 +0530 Mon, 06 Feb 2023 17:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433704 In a benami dispute over properties purchased in the wife's name, the Court treated Section 3(2) of the Benami Transactions (Prohibition) Act, 1988 as creating a rebuttable presumption that the purchase was for her benefit. The presumption was found displaced by income-tax materials, account records, agricultural income details, receipts, licence documents, and oral evidence showing the husband's sufficient means, negotiation of the transactions, and funding of the purchases. The wife's alternative case that her father funded the purchases was found improbable and unsupported. The suit properties were therefore treated as benami purchases for the husband's benefit, and the declaration in favour of the respondent was sustained. Case-Laws Benami Property Mon, 30 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433704