Buying assets in wife's name isn't always benami deal: Calcutta high court
"In Indian society, if a husband supplies the money for acquiring property in the name of his wife, such a fact does not necessarily imply benami transaction. Source of money is, no doubt, an important factor but not a decisive one," a division bench of Justices Tapabrata Chakraborty and Partha Sarthi Chatterjee said in its order last week.
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