 "Dewan Housing promoters under tax scan")
The promoters of Dewan Housing Finance (DHFL) and RKW Developers have come under an income-tax (I-T) department scanner in connection with alleged transactions in benami properties of Rs 95 crore in a Mumbai-based redevelopment project. A provisional attachment order has been issued.
It appears the first time where the tax authorities are taking recourse to last year’s Benami Transactions (Prohibition) Act to establish a connection between a housing finance company and realty developers in sanctioning of loans — of Rs 150 crore in this case to an entity which had purchased 10 apartments in the said project, New Urmila Housing
