https://www.taxtmi.com/caselaws?id=781150 AT held that a benami transaction occurred and identified evolving, inconsistent factual assertions and inadequate documentary proof concerning funds and property ownership. The AT found gaps (illegible bank statements, missing ITRs, unverified account transactions, and unexplained transfers) preventing a conclusive tracing of proceeds to the attached properties. The provisional attachment was not finally determined; the matter was remitted to the Ld. Adjudicating Authority under the PBPT Act, 1988 for de novo adjudication and to afford the appellant a reasonable opportunity of being heard. en-us Tue, 28 Oct 2025 00:00:00 +0530 Wed, 12 Nov 2025 08:17:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781150 AT held that a benami transaction occurred and identified evolving, inconsistent factual assertions and inadequate documentary proof concerning funds and property ownership. The AT found gaps (illegible bank statements, missing ITRs, unverified account transactions, and unexplained transfers) preventing a conclusive tracing of proceeds to the attached properties. The provisional attachment was not finally determined; the matter was remitted to the Ld. Adjudicating Authority under the PBPT Act, 1988 for de novo adjudication and to afford the appellant a reasonable opportunity of being heard. Case-Laws Benami Property Tue, 28 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781150