Pre-2016 Property Transfers Can Still Be Benami If Held Post-Amendment

Lord Jagannath Eastcon Pvt. Ltd. Vs Initiating Officer (Appellate Tribunal Under SAFEMA Delhi) Pre-2016 Transfer Still Benami if Property ‘Held’ Post-Amendment: SAFEMA Tribunal Upholds Attachment The Appellate Tribunal under SAFEMA, New Delhi in M/s Lord Jagannath Eastcon Pvt. Ltd. vs. Initiating Officer, BPU, Bhubaneswar (FPA-PBPT-2589/BBS/2023, final order dated 10-12-2025) dismissed the appeal and upheld provisional attachment, holding that a benami transaction is made out even if the transfer took place prior to the 2016 amendment, provided the property continued to be “held” by th...