Benami Link Confirmed: Tribunal Orders Re-Adjudication on Property Nexus

Gautam Gupta Vs Initiating Officer (Appellate Tribunal Under SAFEMA At New Delhi) Tribunal Confirms Benami Transaction but Orders Re-Adjudication on Property Link Benami Cash Route through Tribunal heard an appeal under Section 46 of the Benami Act against the Adjudicating Authority’s order confirming attachment of property No. B-404, Meera Bagh, Paschim Vihar, treating it as benami. During demonetisation, ₹43.5 lakh of unaccounted cash belonging to the appellant was routed through Shri Atul Tyagi’s firm M/s Mac Allied Sales Corp., & transferred back to the appellant’s firm M/s Aja...