https://www.taxtmi.com/caselaws?id=372288 The Tribunal set aside the attachment orders as the transactions in question did not qualify as benami under the Act. The appellants received genuine salary advances, not held for the benefit of any alleged beneficial owner. Procedural lapses and factual inaccuracies in the orders of the Initiating Officer and Adjudicating Authority further invalidated the attachment orders. The Tribunal released the attached properties and disposed of the appeals with no costs. en-us Wed, 31 Oct 2018 00:00:00 +0530 Wed, 25 Dec 2019 18:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372288 The Tribunal set aside the attachment orders as the transactions in question did not qualify as benami under the Act. The appellants received genuine salary advances, not held for the benefit of any alleged beneficial owner. Procedural lapses and factual inaccuracies in the orders of the Initiating Officer and Adjudicating Authority further invalidated the attachment orders. The Tribunal released the attached properties and disposed of the appeals with no costs. Case-Laws Benami Property Wed, 31 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372288