Benamidar unable to explain source of funds for acquiring alleged property: Appeal dismissed

Smt. Radhamani A Vs ACIT (Appellate Tribunal Under SAFEMA At Delhi) ITAT Delhi held that the present appeal filed by benamidar is dismissed since the benamidar was unable to explain the source of funds for acquiring the impugned property. However, the issue regarding beneficial owner is kept open for investigation. Facts- The present appeal u/s 46(1) of the Prohibition of Benami Property Transactions Act, 1988 is filed by the appellant Smt. Radhamani A. (alleged benamidar) against the order dated 29.05.2019 passed by the Adjudicating Authority u/s 26(3) of the PBPT Act, in reference No. R-828...