9911796707
TMI Blog2023 (9) TMI 200X X X X Extracts X X X X X X X X Extracts X X X X ..... petition may be stated as below : ● On 06.10.2018 at around 1.30 p.m., while the petitioner was standing in front of a certain lodge with a black bag in his hand, he was intercepted by the Inspector of Police, and he searched the bag and found cash worth Rs. 34,60,000/- inside it. The petitioner immediately was taken into custody by the police. During interrogation, the petitioner had told the police official that the bag was handed over to him by his employer, Sultan Foumi. The police official then took the petitioner to the income tax office for the latter to probe into it. ● According to the petitioner, he is a native of Ramanathapuram, and was a school drop-out and that he came to Chennai in search of a job and got one ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s stopped on the said date to enable the petitioner to bring his employer. The recording of the statement continued on the following date i.e., on 09.10.2018, and the petitioner reported that he could not bring his employer, and stated that his employer did not contact him after handing over the bag either. The petitioner also shared three mobile numbers of his employer Sultan Foumi, and also the latter's residential address, and also offered to show his residence. The proceedings for the day was then concluded. On 10.10.2018, the recording of the statement continued. On that date, it was confronted to the petitioner by the authority that at the address given by the petitioner, it was discovered that the petitioner's employer was st ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ad made a reply wherein he had made a statement that on 04.10.2018, he had travelled to Chennai to collect monies from various relatives and friends, that he had in all Rs. 35,00,000/-, out of which, he had spent Rs. 40,000/- for various essential purchases and kept the balance Rs. 34,60,000/- with him in the bag, and that while he was walking close to the Collectors Office bus stop to go to his native place, he was intercepted by the police. This statement is diametrically contrary to what he has given when he gave a statement under Sec.131(1A) of the I.T. Act. 4.2 The learned counsel added that under Sec. 2(9)(A) of the Act, the benami transaction is defined inter alia as "a transaction or an arrangement - the property is held for immedi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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