https://www.taxtmi.com/caselaws?id=791085 Substitute attachment under the Benami law cannot continue unless the attached immovable assets are shown to have a proved nexus with the alleged benami amount or its identifiable proceeds. The tribunal held that the definition of property includes converted forms and proceeds, but sustaining attachment of other assets still requires evidence linking the specific properties to the benami amount, or showing that the amount had merged into non-segregable assets. As no material connected the two immovable properties with the alleged amount of Rs. 5,00,000, the earlier release of attachment was upheld. en-us Thu, 30 Apr 2026 00:00:00 +0530 Wed, 06 May 2026 08:32:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791085 Substitute attachment under the Benami law cannot continue unless the attached immovable assets are shown to have a proved nexus with the alleged benami amount or its identifiable proceeds. The tribunal held that the definition of property includes converted forms and proceeds, but sustaining attachment of other assets still requires evidence linking the specific properties to the benami amount, or showing that the amount had merged into non-segregable assets. As no material connected the two immovable properties with the alleged amount of Rs. 5,00,000, the earlier release of attachment was upheld. Case-Laws Benami Property Thu, 30 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791085