Contradictory Order Set Aside: Tribunal Confirms Benami Attachments in ARC Group Cas

DCIT (BPU) Vs ARC Agrochemical LLP & Ors. (Appellate Tribunal Under SAFEMA Delhi) The Appellate Tribunal under SAFEMA allowed the Department’s appeals and set aside the order of the Adjudicating Authority which had refused to confirm the Provisional Attachment Orders (PAO) under the Prohibition of Benami Property Transactions Act, 1988. The Tribunal found that the Adjudicating Authority had passed a contradictory and perverse order, ignoring its own earlier findings on identical facts and overlooking crucial material on record. On merits, the Tribunal held that there was sufficient evide...