https://www.taxtmi.com/caselaws?id=464827 AT dismissed the appeal and upheld the provisional attachment of 1.5 kg of gold bars as benami property under the PBPTA. The tribunal found the challenge to locker receipts unsubstantiated, noted the respondent's income-tax declaration acknowledging possession, and accepted the explanation that the bullion arose from conversion of family jewellery sold by a jeweller. Credibility inconsistencies did not undermine key evidence of locker hiring, payment, and conversion. The appeal was held without merit and related applications were disposed of. en-us Thu, 30 Jan 2025 00:00:00 +0530 Mon, 17 Nov 2025 20:07:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464827 AT dismissed the appeal and upheld the provisional attachment of 1.5 kg of gold bars as benami property under the PBPTA. The tribunal found the challenge to locker receipts unsubstantiated, noted the respondent's income-tax declaration acknowledging possession, and accepted the explanation that the bullion arose from conversion of family jewellery sold by a jeweller. Credibility inconsistencies did not undermine key evidence of locker hiring, payment, and conversion. The appeal was held without merit and related applications were disposed of. Case-Laws Benami Property Thu, 30 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464827