https://www.taxtmi.com/caselaws?id=750650 The HC dismissed the petition challenging summons under Section 19 and provisional attachment orders under Section 24 of the Benami Act. The petitioner, acting as a conduit through shell companies with fictitious existence, channelized money from undisclosed sources into property purchases. The court found prima facie material indicating transactions involved fictitious consideration sources under Section 2(9)(D) of the Benami Act. The HC ruled that investigating and adjudicating authorities had proper jurisdiction, noting the Act provides a self-contained code under Section 26. The petitioner was directed to participate in ongoing proceedings before the Adjudicating Authority, with statutory remedies available under Sections 30 and 31. en-us Fri, 22 Mar 2024 00:00:00 +0530 Wed, 27 Mar 2024 10:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=750650 The HC dismissed the petition challenging summons under Section 19 and provisional attachment orders under Section 24 of the Benami Act. The petitioner, acting as a conduit through shell companies with fictitious existence, channelized money from undisclosed sources into property purchases. The court found prima facie material indicating transactions involved fictitious consideration sources under Section 2(9)(D) of the Benami Act. The HC ruled that investigating and adjudicating authorities had proper jurisdiction, noting the Act provides a self-contained code under Section 26. The petitioner was directed to participate in ongoing proceedings before the Adjudicating Authority, with statutory remedies available under Sections 30 and 31. Case-Laws Benami Property Fri, 22 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=750650