|Question And Answer|
|Answered by:||Research Team|
|Date:||April 30, 2023|
Assets found from lockers in name of
are these Benami property ?
The assessee is able to explain the source and confirmation the property cannot be held to be benami . In case the explanation of the assessee is not satisfactory , the Assessing Officer can make addition as un explained investment under section 69 of the Act or under section 115BBE of the Act .