Benami

I-T dept can attach assets under benami law even if actual owner not traced

The Adjudicating Authority for the anti-benami law has upheld a 2023 land assets attachment order issued by the Income Tax department despite the taxman not being able to identify the "beneficial owner", stating that the said law has specific provisions to deal with such instances. The Authority, a quasi-judicial body, issued the order on November 26 last year in a benami assets case that came to the fore after the department raided three Lucknow-based realty groups that had "purchased big land parcels in the Kakori (Lucknow district) area by paying huge amount of unaccounted cash". The Lucknow-based Benami Prohibition Unit (BPU) of the department issued a provisional order in October 2023 attaching five land parcels in Kakori valued at over Rs 3.47 crore and categorising them as "benami assets". The order was sent to the Authority for confirmation with the name of a 'benamidar' (in whose name a benami property is standing) apart from two companies and two individuals who were named

Delhi excise policy case: Arun Pillai acted as benami of Kavitha, says ED

The Enforcement Directorate (ED) has said that Hyderabad-based businessman Arun Ramchandra Pillai, who was arrested in the Delhi excise policy case on Monday night, acted as the benami of K. Kavitha

Assets worth Rs 18,400 crore attached under Benami Act till July 31: Report

Till July 31, the I-T Department had issued notices in 3,175 cases amounting to Rs 19,222 crore

Centre likely to set threshold for Benami deals in Budget session

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

What is 1988 Benami Property Act and Benami Transaction Amendment Act 2016

Supreme Court termed 'The Benami Act' unconstitutional. What is the 1988 Benami property act? What is the Benami Transaction Amendment Act 2016? Why is it unconstitutional? Read to know everything

I-T dept records Robert Vadra's statement for 2nd day in benami assets case

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

Make source of funds received during elections 'public': Mayawati to BJP

She said that before pointing a finger at others, the party should introspect

Modi trains guns on benami properties, wants to broaden tax net

Underlines need to reduce human interface; wants tax e-assessment in more cities