https://www.taxtmi.com/caselaws?id=789738 A misdescription of one immovable property in benami attachment proceedings did not, by itself, invalidate the reference or provisional attachment where the material otherwise showed identifiable benami funds and their traceable proceeds. The Tribunal treated the error as curable and not going to the root of the action. It further found that share premium received by the benamidar, though commercially unsupported and linked to no real business activity, constituted property under the benami law and could be followed into substituted assets, loans, investments, or other forms. The incorrectly described property was directed to be released, but attachment was sustained to the extent of the traced benami value. en-us Wed, 01 Apr 2026 00:00:00 +0530 Tue, 14 Apr 2026 08:03:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789738 A misdescription of one immovable property in benami attachment proceedings did not, by itself, invalidate the reference or provisional attachment where the material otherwise showed identifiable benami funds and their traceable proceeds. The Tribunal treated the error as curable and not going to the root of the action. It further found that share premium received by the benamidar, though commercially unsupported and linked to no real business activity, constituted property under the benami law and could be followed into substituted assets, loans, investments, or other forms. The incorrectly described property was directed to be released, but attachment was sustained to the extent of the traced benami value. Case-Laws Benami Property Wed, 01 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789738