Wrong Property, Right Target: Tribunal Allows Benami Attachment of Rs 1.96 Cr Despite Defective Identification

DCIT Vs Brook Multimedia Private Limited (Appellate Tribunal Under Safema At New Delhi) Wrong Property, Right Target: Tribunal Allows Benami Attachment of Rs 1.96 Cr Despite Defective Identification The Appellate Tribunal under SAFEMA allowed the Department’s appeal and held that although the wrong immovable property was initially attached, the proceedings under the Benami Act cannot fail when the core benami element—bogus share premium of ₹1.96 crore—is clearly established. The Tribunal found that M/s Brook Multimedia Pvt. Ltd. was a shell company with no real business activity, as ev...