https://www.taxtmi.com/caselaws?id=791509 The amended benami transaction definition was held to cover not only an original transfer but also continued holding of property where consideration was paid by another person. On the admitted facts, the flats were acquired through consideration paid by the appellant, while the agreements stood in other names and the property remained held after the amendment came into force. The Tribunal rejected the retrospectivity objection because the statutory focus was on the continuing holding after amendment, and it also rejected the claim that no property existed in light of the allotment, consideration, and registered arrangements on record. The provisional attachment was therefore upheld. en-us Wed, 08 Apr 2026 00:00:00 +0530 Wed, 13 May 2026 08:36:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791509 The amended benami transaction definition was held to cover not only an original transfer but also continued holding of property where consideration was paid by another person. On the admitted facts, the flats were acquired through consideration paid by the appellant, while the agreements stood in other names and the property remained held after the amendment came into force. The Tribunal rejected the retrospectivity objection because the statutory focus was on the continuing holding after amendment, and it also rejected the claim that no property existed in light of the allotment, consideration, and registered arrangements on record. The provisional attachment was therefore upheld. Case-Laws Benami Property Wed, 08 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791509