https://www.taxtmi.com/highlights?id=73980 Benami properly - Provisional Attachment Order - The appellant has failed to show any business activities of the appellant companies in the year 2013-14 and subsequently to get corporate shareholders on premium. The inducement of funds was itself through Benami Transactions, otherwise Corporate Share would not have been given on higher premium of a Company having no business activity. The money induced therein was used to purchase shares of BIL and other Companies. - Appeal dismissed - AT en-us Fri, 05 Jan 2024 08:46:42 +0530 Sat, 06 Jan 2024 21:43:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=73980 Benami properly - Provisional Attachment Order - The appellant has failed to show any business activities of the appellant companies in the year 2013-14 and subsequently to get corporate shareholders on premium. The inducement of funds was itself through Benami Transactions, otherwise Corporate Share would not have been given on higher premium of a Company having no business activity. The money induced therein was used to purchase shares of BIL and other Companies. - Appeal dismissed - AT Highlights Benami Property Fri, 05 Jan 2024 08:46:42 +0530 https://www.taxtmi.com/highlights?id=73980