https://www.taxtmi.com/caselaws?id=781416 Consideration traced to one person, property acquired in another's name, and the surrounding records showed no credible independent funding, loan documentation, or other statutory exception. On those facts, the arrangement satisfied the ingredients of a benami transaction under Section 2(9)(A) of the Prohibition of Benami Property Transactions Act, 1988, because the property was held for the future benefit of the person who supplied the consideration. A later partnership arrangement did not displace those ingredients where the initial acquisition remained unsupported by evidence. The provisional attachment was therefore confirmed. en-us Thu, 16 Oct 2025 00:00:00 +0530 Sat, 15 Nov 2025 07:56:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781416 Consideration traced to one person, property acquired in another's name, and the surrounding records showed no credible independent funding, loan documentation, or other statutory exception. On those facts, the arrangement satisfied the ingredients of a benami transaction under Section 2(9)(A) of the Prohibition of Benami Property Transactions Act, 1988, because the property was held for the future benefit of the person who supplied the consideration. A later partnership arrangement did not displace those ingredients where the initial acquisition remained unsupported by evidence. The provisional attachment was therefore confirmed. Case-Laws Benami Property Thu, 16 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781416