Case Law Details
Case Name : Yoosaf N A. S/o Sh. Aboobacker Kutty Vs Initiating Officer (Appellate Tribunal Under SAFEMA Delhi)
Related Assessment Year :
Courts :
Appellate Authority SAFEMA
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Yoosaf N A. S/o Sh. Aboobacker Kutty Vs Initiating Officer (Appellate Tribunal Under SAFEMA Delhi)
₹50.13 Lakh Cash Seized by Police Treated as Benami Property – Filing ITR Later Cannot Defeat Benami Proceedings
The Appellate Tribunal under the Prohibition of Benami Property Transactions Act (PBPT Act) upheld the attachment and confiscation proceedings in respect of ₹50.13 lakh cash seized from the appellant during a police vehicle check, holding that unexplained cash can constitute benami property where the persons allegedly providing the funds are not traceable.
The appellant claimed t...
This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.
Author Bio
