https://www.taxtmi.com/caselaws?id=778687 The AT allowed the appeals and set aside the impugned orders, holding there was insufficient evidence of a benami transaction. The tribunal found initial allotment and subsequent transfer were bona fide, the appellant did not pay consideration for allotment, and stamp/registration charges cannot be treated as consideration to establish benami ownership. Transfers effected amid longstanding litigation and pursuant to an interim order of the HC, and a later sale through corporate arrangements to safeguard interests, did not demonstrate benami intent or payment by the appellant. en-us Wed, 26 Mar 2025 00:00:00 +0530 Sat, 20 Sep 2025 08:38:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778687 The AT allowed the appeals and set aside the impugned orders, holding there was insufficient evidence of a benami transaction. The tribunal found initial allotment and subsequent transfer were bona fide, the appellant did not pay consideration for allotment, and stamp/registration charges cannot be treated as consideration to establish benami ownership. Transfers effected amid longstanding litigation and pursuant to an interim order of the HC, and a later sale through corporate arrangements to safeguard interests, did not demonstrate benami intent or payment by the appellant. Case-Laws Benami Property Wed, 26 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778687