TMI Blog1944 (3) TMI 6X X X X Extracts X X X X X X X X Extracts X X X X ..... r, 1940. The question formulated by this Court read as follows :- (1) Whether the inclusion in the income of the petitioner of ₹ 3,041 received by Mt. Qamar-ul-Nisa, wife of the petitioner, on account of the rent of the property gifted to her by him on the 6th July, 1932, is legally justified ? (2) Whether the finding that the acquisition of properties in the names of the three ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to the Income Tax authorities to declare that the transactions of sale originally effected in favour of these sons were bogus and that consequently the ownership of the property acquired there by vests in the assessee. It is no doubt true that if there is proper material before the Income Tax authorities to go behind the sales they may be justified in disregarding the apparent state of affairs but ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... that the sons received maintenance from him. Even if this was so, it will not necessarily militate against the possibility of the sons acquiring property on their own account. Benami transactions no doubt are rife in this country but that fact alone should not be allowed to prejudice an ostensible owner without any evidence to establish that the real beneficiary was not he himself but some other p ..... X X X X Extracts X X X X X X X X Extracts X X X X
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