https://www.taxtmi.com/highlights?id=94191 AT dismissed the appeals and upheld the provisional attachment of the impugned property, finding a benami transaction under Section 2(9)(A). The Tribunal held that (1) consideration was transferred from the beneficial owner to the benamidar's account, (2) title was recorded in the benamidar, and (3) the acquisition was for the future benefit of the beneficial owner, satisfying all limbs of the statutory definition. Alleged loan evidence and a collaboration agreement were absent or unsubstantiated, and the belated induction of the benamidar's son into a partnership was seen as contrived. The AT found no error in the respondents' actions and affirmed the attachment. en-us Sat, 15 Nov 2025 07:56:56 +0530 Sat, 15 Nov 2025 07:56:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=94191 AT dismissed the appeals and upheld the provisional attachment of the impugned property, finding a benami transaction under Section 2(9)(A). The Tribunal held that (1) consideration was transferred from the beneficial owner to the benamidar's account, (2) title was recorded in the benamidar, and (3) the acquisition was for the future benefit of the beneficial owner, satisfying all limbs of the statutory definition. Alleged loan evidence and a collaboration agreement were absent or unsubstantiated, and the belated induction of the benamidar's son into a partnership was seen as contrived. The AT found no error in the respondents' actions and affirmed the attachment. Highlights Benami Property Sat, 15 Nov 2025 07:56:56 +0530 https://www.taxtmi.com/highlights?id=94191