Appellant Directorate attached 29 properties in a benami ...

Appellant's properties attached in benami case. Tribunal confirms some but sets aside others due to inadequate consideration.

Case Laws Benami Property

August 13, 2024

Appellant Directorate attached 29 properties in a benami transaction case. Adjudicating Authority excluded properties bought in the name of a family member, shifting burden to show consideration. Appellant argued against the finding, citing facts and legal definition of benami transaction. It was found that properties exceeded earnings, acquired with illicit income. Appellate Tribunal allowed appeal, confirming attachment of some properties pending review, but setting aside order for others due to inadequate consideration and benefitting from corruption.

View Source

← Previous Next →

Appellant Directorate attached 29 properties in a benami ...

Appellant's properties attached in benami case. Tribunal confirms some but sets aside others due to inadequate consideration.

Case Laws Benami Property

August 13, 2024

You may also like:

Issue of benami property transactions and the appellant's failure to prove the source of income for acquiring properties worth Rs. 1,41,37,500/-. The Initiating Officer...

Prohibition of Benami Transactions - Provisional attachment order was confirmed - Who is the beneficial owner of property? - The Tribunal held that while the properties...

Money laundering case involving attachment of properties. Appellant argued property was acquired prior to offense, hence cannot be attached. Court rejected contention,...

The case concerns benami transactions and the attachment of properties. The Adjudicating Authority initially refused to confirm the attachment order, citing funds...

Income Tax Department steps-up actions under Prohibition of Benami Property Transactions Act : Benami properties of more than ₹ 3,500 crore in more than 900 cases attached

Service tax demand on Goods Transport Agency (GTA) services rendered on reverse charge basis set aside as appellant did not collect service tax from service recipient....

Liability to pay service tax for services provided to a foreign entity. The appellant argued that their turnover within the domestic market was below the threshold...

Benami Property Transaction - title over the suit properties - Moreover purchase of a property by husband in the name of the wife cannot be called a benami transaction...

Seeking release of attached property and to restore possession - property of Corporate Debtor who is not a financial establishment as defined under Section 2(e) WBPIDFE...

The case pertains to a provisional attachment order issued u/s 24(4) of the Prohibition of Benami Property Transactions Act, 1988, involving a benami transaction. The...

CESTAT NEW DELHI held that service tax on renting of immovable property to specialized clinics/agencies cannot be sustained based on previous Tribunal findings. The...

Prohibition of Benami Property Transaction - funds infused into the shell companies by multiple layering in the guise of share capital or loan - as contended on the side...

The Appellate Tribunal addressed issues related to money laundering, proceeds of crime from smuggling narcotics and running extortion rackets. The case involved double...

Addition on account of diamond set received as gift by the appellant - The CIT(A) accepted the appellant's submission that the diamond set was indeed gifted by his late...

The Appellate Tribunal set aside the impugned order of the Adjudicating Authority attaching immovable properties under the Prevention of Money Laundering Act, 2002...

Quick Updates: