Benami Allegation Entangled – Double Taxing Same Investment Impermissible

Rajendra Sahu Vs ITO (ITAT Jabalpur) Benami Allegation Entangled – Double Taxing the Same Investment Impermissible –   ITAT Sends Benami Addition Back for Joint Decision -: Tribunal Orders Parallel Hearing with Employee’s Appeal Assessee appealed against CIT(A)/NFAC order sustaining addition u/s 69 on alleged benami investment in immovable property. Reopening u/s 147 was initiated on the basis of Investigation Wing inputs & Benami Property Unit findings that Assessee had purchased land for Rs.1,18,95,000/- in the name of his employee, Sh. Amarnath Pyasi, who earned only Rs....