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