https://www.taxtmi.com/caselaws?id=776085 The AT under SAFEMA held that the revenue successfully proved the benami nature of the property transaction, rejecting the appellant's contention that no transfer of consideration occurred for the future benefit of the beneficial owner. The tribunal found that the beneficial owner had indeed passed money to the benamidar for future benefit, supported by evidence of funds received from companies where the benamidar deposited the money. The appellant's reliance on prior case law was deemed inapplicable. The decision was rendered against the assessee. en-us Tue, 08 Jul 2025 00:00:00 +0530 Tue, 05 Aug 2025 07:54:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776085 The AT under SAFEMA held that the revenue successfully proved the benami nature of the property transaction, rejecting the appellant's contention that no transfer of consideration occurred for the future benefit of the beneficial owner. The tribunal found that the beneficial owner had indeed passed money to the benamidar for future benefit, supported by evidence of funds received from companies where the benamidar deposited the money. The appellant's reliance on prior case law was deemed inapplicable. The decision was rendered against the assessee. Case-Laws Benami Property Tue, 08 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776085