https://www.taxtmi.com/caselaws?id=780132 Property purchased in the names of an employee and his family members was held to be benami where the consideration came from the company's funds, the employee had no independent means matching the transactions, and he produced no loan records, showing that the company was the beneficial owner. Subsequent cancellation of the Collector's permission for transfer of tribal land did not affect that character or invalidate the benami proceedings, because the later administrative review did not alter the underlying funding and acquisition pattern. The provisional attachment and adjudicatory findings were therefore maintained. en-us Tue, 14 Oct 2025 00:00:00 +0530 Fri, 24 Oct 2025 09:18:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780132 Property purchased in the names of an employee and his family members was held to be benami where the consideration came from the company's funds, the employee had no independent means matching the transactions, and he produced no loan records, showing that the company was the beneficial owner. Subsequent cancellation of the Collector's permission for transfer of tribal land did not affect that character or invalidate the benami proceedings, because the later administrative review did not alter the underlying funding and acquisition pattern. The provisional attachment and adjudicatory findings were therefore maintained. Case-Laws Benami Property Tue, 14 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780132