https://www.taxtmi.com/caselaws?id=38771 Benami properties standing in the deceased's wife's name were treated as belonging beneficially to the deceased, because a benamidar holds only nominal title while real ownership remains with the person who provided the consideration; they were therefore includible in the principal value of the estate under the Estate Duty Act. By contrast, the addition for goodwill of the rice-mill business could not stand, because the Tribunal had found that no goodwill existed and the reference did not permit reopening that finding. The estate-duty inclusion was upheld for the benami assets, but the goodwill adjustment was deleted. en-us Tue, 23 Mar 1976 00:00:00 +0530 Fri, 09 Apr 2010 10:12:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38771 Benami properties standing in the deceased's wife's name were treated as belonging beneficially to the deceased, because a benamidar holds only nominal title while real ownership remains with the person who provided the consideration; they were therefore includible in the principal value of the estate under the Estate Duty Act. By contrast, the addition for goodwill of the rice-mill business could not stand, because the Tribunal had found that no goodwill existed and the reference did not permit reopening that finding. The estate-duty inclusion was upheld for the benami assets, but the goodwill adjustment was deleted. Case-Laws Income Tax Tue, 23 Mar 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38771