Benami Transaction cannot be proved without Supporting Material along With Statement of Contractor: Allahabad HC Quashes Benami Transaction Proceedings [Read Order]
The Court observed that basis of the statement given by the contractor was not asked nor verified by the Department prior to issuing the show cause notice.
The Allahabad High Court has held that mere statement of the contractor doing construction work cannot be relied upon to declare such construction as benami transaction under the Prohibition of Benami Property Transactions Act, 1988. The Court held that “reasons to believe” in Section 24(1) of the Act must be based on cogent and relevant…
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