Buying Flats in Others’ Names With Self-Funded Consideration Is Benami Transaction: SAFEMA

Jagdish Kumar M. Gupta Vs Initiating Officer (Appellate Tribunal Under SAFEMA Delhi) SAFEMA Tribunal Upholds Benami Attachment Because Flats Were Registered in Third-Party Names; Holding Property in Another’s Name After 2016 Amendment Attracts Benami Law; SAFEMA Tribunal Says Benami Law Applies When Consideration Is Paid by Another Person; Gift Deeds Supporting Return of Property Strengthened Benami Case: SAFEMA Tribunal; SAFEMA Tribunal Rejects Argument That Unconstructed Flats Cannot Be Benami Property; Pre-2016 Property Transactions Can Still Fall Under Amended Benami Law; SAFEMA Tribunal...