APPELLATE TRIBUNAL UNDER SAFEMA AT NEW DELHI FPA-PBPT-2589/BBS/2023 M/s. Lord Jagannath Eastcon Pvt. Ltd. … Appellant Versus The Initiating Officer, BPU, Bhubaneswar … Respondent Advocates/Authorized Representatives who appeared For the Appellant : Mr. Prakash Chandra Sethi, Advocate For the Respondent : Mr. Anish Dhingra, S.P.P CORAM JUSTICE MUNISHWAR NATH BHANDARI : CHAIRMAN SHRI G. C. MISHRA : MEMBER

FINAL ORDER

10.12.2025 This appeal has been filed to challenge the order dated 30.03.2023 passed by the Adjudicating Authority confirming the provisional attachment and answering the references sent by the Initiating Officer.

The proceedings were initiated on an information shared with the office of Assistant Director of Income Tax (Inv.), Unit-1(1), Bhubaneswar about benami transaction of a landed property purchased in the name of Mr. Bidya Dhar Mallick arrayed as benamidar and the appellant M/s. Lord Jagannath Eastcon Pvt. Ltd. to be an interested party. It was found that before registration of the land in the name of Mr. Babu Singh, the property was acquired in the name of Mr. Bidya Dhar Mallick from the original land owner Mr. Pitabas Mallick, with intention to re-transfer the pro