Allahabad HC Admits Appeals on Alleged Benami Property and Cash Seizure

Smt. Maya Verma Vs DCIT (Allahabad High Court) The Allahabad High Court heard appeals filed under Section 49 of the Prohibition of Benami Property Transactions Act, 1988, challenging orders passed by the Appellate Tribunal under the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act and the Adjudicating Officer under Section 26(3) of the Benami Act. The case arose from a search and seizure operation in which a total sum of Rs. 1,23,63,000/- was recovered from the appellants’ residence in April and June 2017. The appellants explained that the cash originated from the sal...