https://www.taxtmi.com/caselaws?id=785863 Attachment and confiscation of admitted funds invested by the appellant were held permissible as benami property under the prohibition framework; the investment amount of Rs.1 Crore may be attached and confiscated accordingly. However, the record lacks definitive evidence that the appellant was the beneficial owner or personally delivered demonetised currency to intermediaries, so prosecution for beneficial ownership offences is not supported at this stage and is deferred. Investigating Officer is granted liberty to conduct further inquiry on material aspects before initiating prosecution, with the matter remanded for re-investigation to be preferably completed within six months. en-us Thu, 29 Jan 2026 00:00:00 +0530 Mon, 02 Feb 2026 08:20:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785863 Attachment and confiscation of admitted funds invested by the appellant were held permissible as benami property under the prohibition framework; the investment amount of Rs.1 Crore may be attached and confiscated accordingly. However, the record lacks definitive evidence that the appellant was the beneficial owner or personally delivered demonetised currency to intermediaries, so prosecution for beneficial ownership offences is not supported at this stage and is deferred. Investigating Officer is granted liberty to conduct further inquiry on material aspects before initiating prosecution, with the matter remanded for re-investigation to be preferably completed within six months. Case-Laws Benami Property Thu, 29 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785863