https://www.taxtmi.com/caselaws?id=778934 AT upheld the Adjudicating Authority's finding of a benami transaction and confirmed the provisional attachment of the land. The tribunal found that the property was purchased in the name of a nominee while consideration was provided by the beneficial owner; the admitted unpaid amount of Rs. 15,10,000 indicated transfer of purchase consideration rather than a genuine loan. Conflicting financial statements and ITR details undermined appellants' capital-account defense. No interference was warranted; the appeals were dismissed. en-us Mon, 08 Sep 2025 00:00:00 +0530 Thu, 25 Sep 2025 08:37:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778934 AT upheld the Adjudicating Authority's finding of a benami transaction and confirmed the provisional attachment of the land. The tribunal found that the property was purchased in the name of a nominee while consideration was provided by the beneficial owner; the admitted unpaid amount of Rs. 15,10,000 indicated transfer of purchase consideration rather than a genuine loan. Conflicting financial statements and ITR details undermined appellants' capital-account defense. No interference was warranted; the appeals were dismissed. Case-Laws Benami Property Mon, 08 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778934