Report No. 57

Chapter 4

Statutory Modifications Relevant to Benami

4.1. Statutory modifications of general principle recognizing benami.-

So far, in India, two important statutory modifications of the general principle that the real owner is recognised by the law in place of the 'benamidar' have been made. The first is in the Code of Civil Procedure; the second is in the recent amendment of taxation laws. Certain other provisions are also of interest.