https://www.taxtmi.com/caselaws?id=791734 Unexplained cash was treated as tangible movable property capable of falling within the PBPT Act's ambit, and the absence of a satisfactory source explanation supported treatment as benami property. The tribunal also held that a benami transaction does not require three parties; the statutory scheme is satisfied by a benamidar and a beneficial owner. On the facts, Section 2(9)(D) was properly invoked because the source of consideration could not be traced and the appellant had not substantiated the cash's origin. Readiness to file an income-tax return did not displace the PBPT Act, which operates in a separate field. The seizure and attachment were sustained and the appeal was dismissed. en-us Thu, 14 May 2026 00:00:00 +0530 Sat, 16 May 2026 09:09:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791734 Unexplained cash was treated as tangible movable property capable of falling within the PBPT Act's ambit, and the absence of a satisfactory source explanation supported treatment as benami property. The tribunal also held that a benami transaction does not require three parties; the statutory scheme is satisfied by a benamidar and a beneficial owner. On the facts, Section 2(9)(D) was properly invoked because the source of consideration could not be traced and the appellant had not substantiated the cash's origin. Readiness to file an income-tax return did not displace the PBPT Act, which operates in a separate field. The seizure and attachment were sustained and the appeal was dismissed. Case-Laws Benami Property Thu, 14 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791734