https://www.taxtmi.com/caselaws?id=787508 Benami property includes immovable assets held by an ostensible owner where another person provides consideration and the property is held for that person's benefit. Sale proceeds derived from such property are also treated as benami property. The 2016 amended regime applies where property transferred before the amendment continues to be held by the alleged benamidar after it takes effect, subject to the statutory conditions. The fiduciary exception does not protect a person who exercises dominion over property, retains title deeds, arranges transfers, and derives personal financial benefit, as these facts are inconsistent with exclusive trust. The provisional attachment and benami finding were upheld, and the appeals were dismissed. en-us Tue, 24 Feb 2026 00:00:00 +0530 Sat, 07 Mar 2026 08:39:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787508 Benami property includes immovable assets held by an ostensible owner where another person provides consideration and the property is held for that person's benefit. Sale proceeds derived from such property are also treated as benami property. The 2016 amended regime applies where property transferred before the amendment continues to be held by the alleged benamidar after it takes effect, subject to the statutory conditions. The fiduciary exception does not protect a person who exercises dominion over property, retains title deeds, arranges transfers, and derives personal financial benefit, as these facts are inconsistent with exclusive trust. The provisional attachment and benami finding were upheld, and the appeals were dismissed. Case-Laws Benami Property Tue, 24 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787508