https://www.taxtmi.com/caselaws?id=466395 Provisional attachment under benami law required fresh consideration where authorities failed to address a petitioner's specific reply; the definition of benami transaction covers transfers where consideration is paid by another, fictitious ownership, or undisclosed beneficial interest. The Income Tax Department must examine paragraph 6 of the petitioner's reply, afford an opportunity of hearing, and record reasons whether the arrangement amounts to a benami transaction; the interim order was vacated and the attachment's fate is to follow the department's reasoned reconsideration within three weeks. en-us Fri, 07 Sep 2018 00:00:00 +0530 Thu, 05 Feb 2026 11:33:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466395 Provisional attachment under benami law required fresh consideration where authorities failed to address a petitioner's specific reply; the definition of benami transaction covers transfers where consideration is paid by another, fictitious ownership, or undisclosed beneficial interest. The Income Tax Department must examine paragraph 6 of the petitioner's reply, afford an opportunity of hearing, and record reasons whether the arrangement amounts to a benami transaction; the interim order was vacated and the attachment's fate is to follow the department's reasoned reconsideration within three weeks. Case-Laws Benami Property Fri, 07 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466395