https://www.taxtmi.com/caselaws?id=800796 Section 2(9)(A) covers transactions where the beneficial owner provides consideration and property stands in a benamidar's name for that owner's immediate or future benefit. Concealment of beneficial ownership, benefit to a third party, and use of illegitimate funds are not statutory requirements. Legitimate funds routed through banking channels may therefore constitute a benami transaction if the prescribed elements are met. Illustrative benami indicators cannot override the express conditions of the applicable statutory clause. Transfers of demonetised currency through benamidars and entity accounts, followed by return of acceptable currency for the applicants' benefit, supported the conclusion that no error apparent on the face of the record warranted review. en-us Thu, 03 Sep 2026 00:00:00 +0530 Mon, 12 Oct 2026 04:18:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800796 Section 2(9)(A) covers transactions where the beneficial owner provides consideration and property stands in a benamidar's name for that owner's immediate or future benefit. Concealment of beneficial ownership, benefit to a third party, and use of illegitimate funds are not statutory requirements. Legitimate funds routed through banking channels may therefore constitute a benami transaction if the prescribed elements are met. Illustrative benami indicators cannot override the express conditions of the applicable statutory clause. Transfers of demonetised currency through benamidars and entity accounts, followed by return of acceptable currency for the applicants' benefit, supported the conclusion that no error apparent on the face of the record warranted review. Case-Laws Benami Property Thu, 03 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800796