https://www.taxtmi.com/caselaws?id=796300 RTGS credits purportedly received from gold sales were treated as a benami transaction where demonetised cash was deposited with the alleged benamidar, followed by transfers from entities under his control, supported by his sworn statement regarding RTGS-entry arrangements. Invoices, ledgers and stock records did not independently substantiate genuine sales, and the absence of prior business dealings, timing, rates and unusual weights weakened the explanation. Cross-examination was not required where no intermediary statement existed, the benamidar was summoned but did not appear, and no actual prejudice was shown. The provisional attachment was therefore sustained. en-us Thu, 02 Jul 2026 00:00:00 +0530 Tue, 04 Aug 2026 08:39:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796300 RTGS credits purportedly received from gold sales were treated as a benami transaction where demonetised cash was deposited with the alleged benamidar, followed by transfers from entities under his control, supported by his sworn statement regarding RTGS-entry arrangements. Invoices, ledgers and stock records did not independently substantiate genuine sales, and the absence of prior business dealings, timing, rates and unusual weights weakened the explanation. Cross-examination was not required where no intermediary statement existed, the benamidar was summoned but did not appear, and no actual prejudice was shown. The provisional attachment was therefore sustained. Case-Laws Benami Property Thu, 02 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796300