https://www.taxtmi.com/caselaws?id=752031 The Allahabad HC set aside a show cause notice and provisional attachment order under Sections 24(1) and 24(3) of the Benami Transactions Act, 1988. The court found that the Initiating Officer lacked sufficient material to establish "reason to believe" that the petitioner was a benamidar of her son-in-law regarding certain constructions. The proceedings were based solely on an unsupported oral statement from a contractor without any documentary evidence or logical basis. The court emphasized that taxing statutes require strict interpretation and that mere statements without substantial supportive evidence cannot constitute sufficient material for initiating benami proceedings. The provisional attachment order was also found baseless as no material demonstrated risk of property alienation. en-us Thu, 25 Apr 2024 00:00:00 +0530 Wed, 28 Aug 2024 12:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752031 The Allahabad HC set aside a show cause notice and provisional attachment order under Sections 24(1) and 24(3) of the Benami Transactions Act, 1988. The court found that the Initiating Officer lacked sufficient material to establish "reason to believe" that the petitioner was a benamidar of her son-in-law regarding certain constructions. The proceedings were based solely on an unsupported oral statement from a contractor without any documentary evidence or logical basis. The court emphasized that taxing statutes require strict interpretation and that mere statements without substantial supportive evidence cannot constitute sufficient material for initiating benami proceedings. The provisional attachment order was also found baseless as no material demonstrated risk of property alienation. Case-Laws Benami Property Thu, 25 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752031