https://www.taxtmi.com/caselaws?id=796944 Provisional attachment of property was sustained under Section 2(9)(D) of the Prohibition of Benami Property Transactions Act, 1988, because the claimed loan-funded consideration lacked credible evidence. The alleged lenders' financial capacity, income-tax records, repayment and interest payments were not established, while unregistered loan documents lacked authenticity in the circumstances. Cash consideration, delayed validation of sale documents, and failure to explain the source of the remaining payment and validation fees further undermined the stated source of funds. The transaction was treated as benami because the persons providing consideration were not traceable or were fictitious. en-us Mon, 03 Aug 2026 00:00:00 +0530 Thu, 13 Aug 2026 08:30:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796944 Provisional attachment of property was sustained under Section 2(9)(D) of the Prohibition of Benami Property Transactions Act, 1988, because the claimed loan-funded consideration lacked credible evidence. The alleged lenders' financial capacity, income-tax records, repayment and interest payments were not established, while unregistered loan documents lacked authenticity in the circumstances. Cash consideration, delayed validation of sale documents, and failure to explain the source of the remaining payment and validation fees further undermined the stated source of funds. The transaction was treated as benami because the persons providing consideration were not traceable or were fictitious. Case-Laws Benami Property Mon, 03 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796944