https://www.taxtmi.com/highlights?id=87450 AT determined that M/s RK Emporium is not a shell company, and the absence of Benamidars does not create a presumption of impropriety. Despite suspicious circumstances like bank credits during demonetization, the investigation failed to establish evidence of a benami transaction under Section 2(9)(A) of PBPTA. Consequently, the tribunal set aside the impugned order, lifted the provisional attachment of Rs. 1.12 crore from the appellant's bank account, and allowed the appeal, finding insufficient proof to substantiate claims of a benami property transaction. en-us Tue, 15 Apr 2025 08:35:08 +0530 Tue, 15 Apr 2025 08:35:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=87450 AT determined that M/s RK Emporium is not a shell company, and the absence of Benamidars does not create a presumption of impropriety. Despite suspicious circumstances like bank credits during demonetization, the investigation failed to establish evidence of a benami transaction under Section 2(9)(A) of PBPTA. Consequently, the tribunal set aside the impugned order, lifted the provisional attachment of Rs. 1.12 crore from the appellant's bank account, and allowed the appeal, finding insufficient proof to substantiate claims of a benami property transaction. Highlights Benami Property Tue, 15 Apr 2025 08:35:08 +0530 https://www.taxtmi.com/highlights?id=87450