Daily Archives: November 10, 2026

Bank Account Transfers from Shell Entities Devoid of Genuine Business and Unexplained Goods Supply Constitute Benami Transactions Under PBPT Act

By | November 10, 2026

Bank Account Transfers from Shell Entities Devoid of Genuine Business and Unexplained Goods Supply Constitute Benami Transactions Under PBPT Act Issue Whether cash deposits during demonetisation routed through defunct entities to the appellant constitute benami transactions under Section 2(9)(A) of the PBPT Act, 1988, warranting provisional attachment under Section 24, and whether the deletion of… Read More »

INCOME TAX CASE LAWS 07.11.2026

By | November 10, 2026

INCOME TAX CASE LAWS 07.11.2026   Section Case Law Title Brief Summary Citation Relevant Act Section 2(9) Besties Trading (P.) Ltd. v. Initiating Officer, BPU, Delhi Where cash deposited during demonetisation in accounts of entities controlled by an accommodation-entry operator was routed to assessee through banking channels, since both entities were found to be non-genuine… Read More »