Benami Properties

A special court here on Tuesday ordered the restoration of a 2021 benami property case, in which Maharashtra minister Chhagan Bhujbal was one of the accused, noting the Bombay High Court earlier quashed the proceeding only on "technical grounds and not on merits". The case has now been restored to its original stage and the next hearing is scheduled for October 6 before the special MP/MLA court in Mumbai. The I-T department had in 2021 initiated proceeding against Bhujbal, his family members and their firms -- Armstrong Infrastructure Pvt Ltd, Parvesh Constructions Pvt Ltd and Devisha Constructions Pvt Ltd -- regarding alleged benami assets. The central agency had alleged they were beneficial owners involved in benami transactions during the financial years 2008-09 and 2010-11. Notably, benami properties are those that are held by an owner through proxies. The special court had initially issued summonses to the accused in November 2021. However, the accused, including NCP ...

According to the official data, as of May 31, 2019, show-cause notices were issued in more than 2,100 cases involving benami properties , valued at over Rs 9,600 crore

The Supreme Court recently struck down a provision of the Benami Transactions (Prohibition) Act 1988 as unconstitutional. It entailed punishment for any 'Benami' transaction. Here's more about the law

Show cause notices for provisional attachment of benami properties have fallen 18.9% since 2020

Gautam Adani's group said it will buy a majority stake in New Delhi Television Ltd (NDTV) as it looks to boost media investments as part of an ambitious expansion plan

The I-T dept questioned Robert Vadra for about four hours on the second consecutive day on Tuesday in connection with its probe against him under the benami assets law, official sources said

The Income Tax department questioned Robert Vadra, son-in-law of Congress President Sonia Gandhi, for the second consecutive day on Tuesday

Vadra, 52, said the action was aimed to "digress" from the "real issues" concerning the country like the farmers' agitation

The Income Tax Department officers on Monday started recording the statement of Robert Vadra in connection with a benami properties case

The judiciary cannot be asked to take over the roles of the legislature and the executive, the SC said

A petition has been filed before the Supreme Court seeking a direction to the Centre to ascertain the feasibility of confiscating black money, benami properties and disproportionate assets. The petition, which is likely to come up for hearing in the coming days, has also sought life imprisonment for offences such as bribery, black money, benami property, tax evasion, money laundering, profiteering, grain hoarding, food adulteration, human and drug trafficking, black marketing and cheating. The petition was filed by Ashwini Kumar Upadhyay in view of corruption watchdog Transparency International placing India at 80 in Corruption Perception Index earlier this year. Due to weak and ineffective anti-corruption laws, India has never been ranked even among top the 50 in the Corruption Perception Index but the Centre has not strengthened the laws to weed-out the menace of corruption, which brazenly offends rule of law as well as right to life, liberty and dignity guaranteed under Articles

The new disclosures and assessments are a part of the Companies (Auditor's Report) order, or CARO, effective this financial year

The provisional order for the attachment of the seven-acre plot, "beneficially owned" by Anand Kumar and his wife Vichiter Lata, was issued on July 16

The Authority rejected the I-T Department's allegation that the entire transaction of purchasing the land parcels in Alibaug

The Benami Transaction (Prohibition) Amendment Act, 2016, seeks to prohibit the Benami transaction irrespective of the method by which such property is acquired

Show cause notices for provisional attachment of benami properties were issued in over 1,500 cases

In five cases, the provisional attachments of benami properties, amounting to more than Rs 1.5 billion, have been confirmed by the adjudicating authority

I-T Department said in a statement that it has stepped up action under the Prohibition of Benami Property Transactions Act

Provisional attachment of properties under the law has been done in more than 240 cases

Benami Transactions (Prohibition) Amendment Act, 2016, came into effect from November 1, 2016