Tribunal Orders De-Novo Inquiry After Wrong Reliance on Recalled SC Judgment

DCIT (BPU) Vs Anku Nivesh Niryat Pvt. Ltd. & Ors. (Appellate Tribunal Under SAFEMA Delhi) The DCIT, Kolkata appealed against the Adjudicating Authority’s order dated 27.06.2024 which refused to confirm the Provisional Attachment Order (01.06.2023) & held that the office premises at 5th Floor, 5 Joginder Kaviraj Row, Kolkata was not a Benami property. The Adjudicating Authority relied heavily on the Supreme Court’s earlier judgment in Ganpati Dealcom Pvt. Ltd. (23.08.2022) & excluded 90% of the funding transactions (2013–2016) as being outside the purview of the Benami Amendme...