https://www.taxtmi.com/caselaws?id=753108 The Allahabad HC addressed writ petitions challenging provisional attachment orders under the Prohibition of Benami Property Transactions Act. The Initiating Officer issued show cause notices alleging fund routing through various companies constituting benami transactions. Directors/Partners claimed ignorance of company activities and missing sale deeds. The court found the Initiating Officer's reasons had rational nexus with alleged benami transactions, declining to stay provisional attachment. The court permitted proceedings to continue while directing the Adjudicating Authority to withhold final orders until writ petition disposal. Revenue was granted liberty to withdraw and reissue notices with supporting material if deemed appropriate. en-us Wed, 22 May 2024 00:00:00 +0530 Thu, 23 May 2024 18:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753108 The Allahabad HC addressed writ petitions challenging provisional attachment orders under the Prohibition of Benami Property Transactions Act. The Initiating Officer issued show cause notices alleging fund routing through various companies constituting benami transactions. Directors/Partners claimed ignorance of company activities and missing sale deeds. The court found the Initiating Officer's reasons had rational nexus with alleged benami transactions, declining to stay provisional attachment. The court permitted proceedings to continue while directing the Adjudicating Authority to withhold final orders until writ petition disposal. Revenue was granted liberty to withdraw and reissue notices with supporting material if deemed appropriate. Case-Laws Benami Property Wed, 22 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753108