Infrastructure facility: energy-efficient public lighting held integral to road projects, qualifying the operator as a developer and eligible for dedu...
Fourth Proviso to Section 153A: extended-period inquiry requires a reasonable, material-based satisfaction that escaped income likely exceeds the thre...
Alleged benami sale of agricultural land was upheld where the payment trail showed the beneficial owner - not the named transferee - furnished consideration, negating a fiduciary or temporary holding claim; outcome: attachment confirmed and appeal dismissed. Reconstitution and partnership documents lacked genuine participation or signatures by the named transferee, supporting that the transferee held title as a benamidar in name only, and financial records showed no capacity to fund the purchase, reinforcing benami inference. On these bases the tribunal found the statutory definition of benami property satisfied and declined to disturb the impugned order confirming provisional attachment.
Alleged benami sale of agricultural land was upheld where the payment trail showed the beneficial owner - not the named transferee - furnished consideration, negating a fiduciary or temporary holding claim; outcome: attachment confirmed and appeal dismissed. Reconstitution and partnership documents lacked genuine participation or signatures by the named transferee, supporting that the transferee held title as a benamidar in name only, and financial records showed no capacity to fund the purchase, reinforcing benami inference. On these bases the tribunal found the statutory definition of benami property satisfied and declined to disturb the impugned order confirming provisional attachment.
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