https://www.taxtmi.com/caselaws?id=794652 Transfer and holding of listed shares were treated as benami where the apparent transferee paid only a nominal upfront amount, the balance consideration remained contingent and unpaid for a prolonged period, and the shares continued to be subject to lien or pledge in favour of the transferor. The tribunal noted the transferor's continued effective control, the absence of independent business activity or clear source to fund the deferred payment, and the lack of commercially convincing safeguards. On those facts, the arrangement satisfied the statutory indicia of benami holding under Section 2(9)(A), and the Provisional Attachment Order was restored. en-us Thu, 02 Jul 2026 00:00:00 +0530 Thu, 09 Jul 2026 08:35:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794652 Transfer and holding of listed shares were treated as benami where the apparent transferee paid only a nominal upfront amount, the balance consideration remained contingent and unpaid for a prolonged period, and the shares continued to be subject to lien or pledge in favour of the transferor. The tribunal noted the transferor's continued effective control, the absence of independent business activity or clear source to fund the deferred payment, and the lack of commercially convincing safeguards. On those facts, the arrangement satisfied the statutory indicia of benami holding under Section 2(9)(A), and the Provisional Attachment Order was restored. Case-Laws Benami Property Thu, 02 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794652