Tuesday, April 30, 2019

Financial Assistance by Father with Intention of Welfare of Sons not ‘Benami’: Supreme Court

The Supreme Court in the case of Smt. P. Leelavathi v. V. Shankarnarayana Rao held that the intention of the father to give financial assistance was for the purpose of welfare of his sons and not ‘benami’ Smt. P. Leelavathi instituted the suit against the original defendants (now deceased) for partition and recovery of one-fourth […]

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from Taxscan | Simplifying Tax Laws http://bit.ly/2GSYPPx

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