Financial Assistance By Father & Benami Transaction

BY Vijay Pal Dalmia, Advocate
Supreme Court of India & Delhi High Court
Email id: [email protected]
Mobile No.: +91 9810081079
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And Aditya Dhar, Advocate
Email: [email protected]
Mobile: +91 9971873110

The Hon'ble Supreme Court of India in a recent judgment dated 9th April 2019, passed in the case of P. Leelavathi (D) by L.R.s vs. V. Shankarnarayana Rao (D) by L.R.s bearing Civil Appeal No. 1099 of 2008, has once again reiterated the requirement of fulfilling the following ingredients to constitute a benami transaction:

1. the burden of showing that a transfer is a benami transaction lies on the person who asserts that it is such a transaction;