https://www.taxtmi.com/caselaws?id=796382 RTGS credits claimed as gold-sale proceeds were treated as a benami transaction because cash deposits in entities controlled by the alleged benamidar, subsequent credits after commission deductions, and banking records established routing of demonetised cash. The gold-sale explanation lacked independent support, with no established relationship with remitters and anomalous invoice rates and weights; the attachment was therefore sustained. Denial of cross-examination did not breach natural justice because no intermediary statement existed, the benamidar's statement was disclosed, and the appellant showed no actual prejudice despite corroborative material. In benami proceedings, cross-examination is not invariably required where disclosed evidence independently supports the transaction. en-us Thu, 02 Jul 2026 00:00:00 +0530 Wed, 05 Aug 2026 08:48:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796382 RTGS credits claimed as gold-sale proceeds were treated as a benami transaction because cash deposits in entities controlled by the alleged benamidar, subsequent credits after commission deductions, and banking records established routing of demonetised cash. The gold-sale explanation lacked independent support, with no established relationship with remitters and anomalous invoice rates and weights; the attachment was therefore sustained. Denial of cross-examination did not breach natural justice because no intermediary statement existed, the benamidar's statement was disclosed, and the appellant showed no actual prejudice despite corroborative material. In benami proceedings, cross-examination is not invariably required where disclosed evidence independently supports the transaction. Case-Laws Benami Property Thu, 02 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796382