https://www.taxtmi.com/caselaws?id=785862 Property registered in one person's name was treated as benami where the consideration was traced to another person, the nominal holder lacked financial capacity and meaningful contribution, and the record showed the name was used only to facilitate the purchase. An asserted partnership-based explanation did not displace the finding that the registered owner was only a namesake holder with no beneficial interest. Restrictions on tribal land transfer were noted as explaining the registration device, but they did not change the character of the transaction once the source of funds and control were established. The transaction was therefore within the statutory concept of benami property, and provisional attachment was confirmed. en-us Tue, 13 Jan 2026 00:00:00 +0530 Mon, 02 Feb 2026 08:20:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785862 Property registered in one person's name was treated as benami where the consideration was traced to another person, the nominal holder lacked financial capacity and meaningful contribution, and the record showed the name was used only to facilitate the purchase. An asserted partnership-based explanation did not displace the finding that the registered owner was only a namesake holder with no beneficial interest. Restrictions on tribal land transfer were noted as explaining the registration device, but they did not change the character of the transaction once the source of funds and control were established. The transaction was therefore within the statutory concept of benami property, and provisional attachment was confirmed. Case-Laws Benami Property Tue, 13 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785862