https://www.taxtmi.com/caselaws?id=774435 The Appellate Tribunal under SAFEMA dismissed an appeal challenging provisional attachment of cash seized as benami property. The Tribunal upheld the Adjudicating Authority's findings that CCTV footage contradicted fabricated sales bills, showing minimal customer activity despite claims of Rs.67 lakh cash transactions. The appellant failed to prove ownership of the seized amount or provide documentary evidence of employment relationships. Statements under PBPT Act were admissible, and the theory of large cash purchases for gold was deemed inconsistent with tax laws and bullion practices. The GST returns were filed as afterthought with fabricated bills, confirming the benami nature of the transaction. en-us Fri, 30 May 2025 00:00:00 +0530 Wed, 09 Jul 2025 08:50:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774435 The Appellate Tribunal under SAFEMA dismissed an appeal challenging provisional attachment of cash seized as benami property. The Tribunal upheld the Adjudicating Authority's findings that CCTV footage contradicted fabricated sales bills, showing minimal customer activity despite claims of Rs.67 lakh cash transactions. The appellant failed to prove ownership of the seized amount or provide documentary evidence of employment relationships. Statements under PBPT Act were admissible, and the theory of large cash purchases for gold was deemed inconsistent with tax laws and bullion practices. The GST returns were filed as afterthought with fabricated bills, confirming the benami nature of the transaction. Case-Laws Benami Property Fri, 30 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774435