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Proving a "Benami" Transaction Requires Evidence; Cash for Future Promises Isn't Enough Due to Lack of Name Lending.
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....Benami transactions - The existence of the “benami” transaction has to be proved by the authorities i.e. the person who alleges the transaction - The transaction where cash is paid to person in lieu of a future promise cannot be a “benami” transaction as there is no lending of name.....