https://www.taxtmi.com/caselaws?id=56668 Where a house property stands in the wife's name, the Department must prove with credible material that the transaction is benami and that the investment ily belonged to the assessee before invoking unexplained-investment treatment under section 69. Untested affidavits, if not intrinsically unreliable, may be considered, and a mere failure to fully accept the wife's source-of-funds explanation does not by itself establish the assessee's ownership. Additions for low household expenses also require concrete evidence and cannot rest on assumption or conjecture. The discussion therefore emphasises that both benami allegations and estimated household-expense additions must be supported by material evidence, not suspicion alone. en-us Wed, 17 Aug 1983 00:00:00 +0530 Mon, 06 Dec 2010 12:04:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56668 Where a house property stands in the wife's name, the Department must prove with credible material that the transaction is benami and that the investment ily belonged to the assessee before invoking unexplained-investment treatment under section 69. Untested affidavits, if not intrinsically unreliable, may be considered, and a mere failure to fully accept the wife's source-of-funds explanation does not by itself establish the assessee's ownership. Additions for low household expenses also require concrete evidence and cannot rest on assumption or conjecture. The discussion therefore emphasises that both benami allegations and estimated household-expense additions must be supported by material evidence, not suspicion alone. Case-Laws Income Tax Wed, 17 Aug 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56668