https://www.taxtmi.com/caselaws?id=796943 Properties acquired in the appellants' names were treated as benami because the alleged beneficial owner paid the consideration, while the registered owners failed to prove independent financial capacity or substantiate the asserted loan arrangement. No statutory exception applied. The future-benefit requirement under Section 2(9)(A) was satisfied because benefit need not be immediate, time-bound, or realised when provisional attachment is imposed; the beneficial owner's access to and use of undisclosed funds supported the inference of future benefit. Confirmation of provisional attachment of the three properties was therefore sustained. en-us Thu, 09 Jul 2026 00:00:00 +0530 Thu, 13 Aug 2026 08:30:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796943 Properties acquired in the appellants' names were treated as benami because the alleged beneficial owner paid the consideration, while the registered owners failed to prove independent financial capacity or substantiate the asserted loan arrangement. No statutory exception applied. The future-benefit requirement under Section 2(9)(A) was satisfied because benefit need not be immediate, time-bound, or realised when provisional attachment is imposed; the beneficial owner's access to and use of undisclosed funds supported the inference of future benefit. Confirmation of provisional attachment of the three properties was therefore sustained. Case-Laws Benami Property Thu, 09 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796943