https://www.taxtmi.com/caselaws?id=756975 The Appellate Tribunal for SAFEMA at New Delhi allowed the Directorate's appeal against the Adjudicating Authority's order regarding benami property transactions. The Tribunal found that 29 immovable properties purchased in the names of a government employee's wife and sons constituted benami transactions, as the employee's legitimate salary of Rs. 63,95,140 could not support property acquisitions worth Rs. 4.58 crores. The Tribunal confirmed attachment of properties at specified serial numbers in Tables A, B, and C, finding the Adjudicating Authority erroneously shifted the burden of proof and made perverse findings against established facts and the definition under section 2(9)(A). en-us Wed, 03 Jul 2024 00:00:00 +0530 Tue, 13 Aug 2024 07:07:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756975 The Appellate Tribunal for SAFEMA at New Delhi allowed the Directorate's appeal against the Adjudicating Authority's order regarding benami property transactions. The Tribunal found that 29 immovable properties purchased in the names of a government employee's wife and sons constituted benami transactions, as the employee's legitimate salary of Rs. 63,95,140 could not support property acquisitions worth Rs. 4.58 crores. The Tribunal confirmed attachment of properties at specified serial numbers in Tables A, B, and C, finding the Adjudicating Authority erroneously shifted the burden of proof and made perverse findings against established facts and the definition under section 2(9)(A). Case-Laws Benami Property Wed, 03 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756975