Appellate Tribunal rules employees can hold cash for employers without it being 'benami transaction'
- Posted on October 3, 2024
- By Business News Today
- 1 Views
Appellate Tribunal rules employees can hold cash for employers without it being 'benami transaction'
The appellate tribunal has ruled that employees holding cash in a fiduciary capacity for their employers are not engaged in benami transactions. This decision, although not legally binding, may influence future cases, reaffirming the legitimacy of fiduciary relationships in business setups.
