Payment Of Part Sale Consideration Or Stamp Duty Cannot Be Sole Criteria To Hold Transaction As Benami: SC [Read Judgment]

The Supreme Court has observed that the payment of part sale consideration or stamp duty by another person cannot be the sole criteria to hold the sale/transaction as benami. In Mangathai Ammal vs. Rajeswari, the Apex Court bench comprising Justice L. Nageswara Rao and Justice MR Shah were considering an appeal against Trial Court and High Court orders which held that the suit...