‘Workers holding employers’ cash as fiduciaries are not benamidars’ | India News – Times of India
MUMBAI: The appellate tribunal which adjudicates benami matters has held that employees can hold cash in a fiduciary capacity for their employers, without it being classified as a benami transaction. This order can support both employers and employees who face a similar situation.“Fiduciary relationships involve trust and confidence, often between employer and employee, where the…