https://www.taxtmi.com/caselaws?id=789736 Evidence collected in an income-tax search may be relied on in benami proceedings, and a separate independent enquiry is not required where the same material is used to test whether a benami arrangement exists. Retracted statements do not by themselves lose evidentiary value if supported by documentary and electronic records. Here, the Tribunal treated the search material, cash-routing statements, and electronic sheets as mutually corroborative, and found that unexplained fund movement, absence of genuine business activity, and routing of unaccounted cash through accommodation entries supported the benami finding. The provisional attachment was therefore confirmed. 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=789736 Evidence collected in an income-tax search may be relied on in benami proceedings, and a separate independent enquiry is not required where the same material is used to test whether a benami arrangement exists. Retracted statements do not by themselves lose evidentiary value if supported by documentary and electronic records. Here, the Tribunal treated the search material, cash-routing statements, and electronic sheets as mutually corroborative, and found that unexplained fund movement, absence of genuine business activity, and routing of unaccounted cash through accommodation entries supported the benami finding. The provisional attachment was therefore confirmed. Case-Laws Benami Property Wed, 01 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789736