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SAFEMA Remands Benami Case for Fresh Probe; ₹1 Crore Attachment Upheld, Prosecution Deferred
Case Law Details
- Case Name
- Sugee Developers Vs DCIT (Appellate Tribunal Under SAFEMA at Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- Appellate Authority, SAFEMA
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Sugee Developers Vs DCIT (Appellate Tribunal Under SAFEMA at Delhi)
The present appeal was filed under Section 46 of the Prohibition of Benami Property Transactions Act, 1988 (PBPT Act) challenging the order dated 02.09.2021 of the Adjudicating Authority, which had confirmed the Provisional Attachment Order dated 27.08.2019 passed by the Initiating Officer. The attachment related to Rs. 1 crore lying in the IDBI Bank account of M/s Sugee Developers.
As per the Initiating Officer, large sums of demonetised currency amounting to Rs. 10.98 crore were deposited in the accounts of ...
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