M/S ALISHAN COMPLEX PRIVATE LIMITED VS THE INITIATING OFFICER
- Court
- Rajasthan High Court
- Bench
- Jodhpur
- Date
- 3 Aug 2026
- Citation / case number
- CMA / 1595 / 2026
Summary
The appellant challenged the finding of benami ownership based on a retracted third-party statement, without cross-examination, despite subsequent Income-tax assessment. HELD-The Initiating Officer must establish the twin ingredients of a benami transaction by cogent evidence. A retracted foundational statement cannot sustain an adverse finding without cross-examination at the adjudicatory stage; denial violates natural justice. Orders set aside; matter remanded; appeal disposed of.
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