https://www.taxtmi.com/caselaws?id=35713 The court held that the Tribunal's finding that the properties were purchased benami by the assessee was not justified. It emphasized the importance of the burden of proof in establishing benami transactions and found the reliance on circumstantial evidence to be flawed. As a result, the properties could not be included in the assessee's total wealth. The court ruled in favor of the assessee, awarding costs for each reference and rejecting the department's claims. en-us Fri, 24 Oct 1980 00:00:00 +0530 Fri, 04 Jan 2019 10:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35713 The court held that the Tribunal's finding that the properties were purchased benami by the assessee was not justified. It emphasized the importance of the burden of proof in establishing benami transactions and found the reliance on circumstantial evidence to be flawed. As a result, the properties could not be included in the assessee's total wealth. The court ruled in favor of the assessee, awarding costs for each reference and rejecting the department's claims. Case-Laws Wealth-tax Fri, 24 Oct 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35713