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SC ON BENAMI PROPERTIES
Informal ‘benami’ investments may now face confiscation; Supreme Court ruling puts family property deals under scannerWhere family arrangements are involved, they must comply with legal conditions, including joint ownership where required. Informal arrangem...- SC order turns up tax heat on old benami transactionsThe Supreme Court has ruled that tax authorities can retroactively apply the benami law to confiscate assets from transactions predating 20...
- Monsoon session to take up new IT BillFinance Minister Nirmala Sitharaman indicated that the new income tax bill will be addressed in the upcoming monsoon session of Parliament....
- SC directs Sahara group to submit property sale plan for investor refund by ThursdayThe Supreme Court has asked the Sahara group to submit a plan for selling its properties to refund over Rs 24,029 crore collected from inve...
- Income Tax department provisionally attached Anil Parab’s Ratnagiri Resort under Benami ActParab, who belongs to the Uddhav Thackray faction of the Shiv Sena, is facing cases of corruption and money laundering. The people said thi...
- CBDT files review against SC's benami ruling; terms it continuing criminal offenceThe petition was filed by the Central Board of Direct Taxes (CBDT) that frames policy for the tax department under the department of revenu...
- CBDT files review plea against top court ruling on Benami ActIn August 2022, the Supreme Court had held that Benami Transactions (Prohibition) Amendment Act, 2016, does not have retrospective applicat...
- 'Will study SC's benami ruling; close watch on online gaming'Gross winnings face a tax at the rate of 30% and there is no deduction or refund for earnings from lottery or gaming or betting. "We have t...
- SC ruling on retro effect of Benami Law keenly awaitedA plethora of transactions like cash transfers, property deals, and share issuances have come under the lens with the invocation of the Ben...
- SC refuses to hear PIL on making laws to confiscate 'benami' properties, black moneyThe plea, alternatively, urged the top court to direct the Law Commission of India and/or the Lokpal to examine and publish the best Anti-C...
- Land grab case: Orissa HC refuses to quash FIR against BJP leader Baijayant PandaDismissing a petition filed in this regard by the Odisha Infratech Pvt Ltd, a company in which Baijayant Panda and his wife are major share...
- Aadhaar-property linking not an easy road: ExpertsThe Supreme Court in September last year had upheld the Constitutional validity of Aadhaar, making it a legal proof of identity and address...
- P Chidambaram, other accused have assets across continents, ED tells SCED said the former minister was “completely evasive and non-coperative” when summoned for questioning.
- Modi's benami law has companies running for coverThe case of roping a tribal to acquire land in the C'garh through sham deals opened a pandora's box for firms.
- Fund diversion case: SC attaches more Amrapali Group’s propertiesJustices Arun Mishra and UU Lalit said these properties are being attached because the group had not invested in them with its own money bu...
- Rs 900 crore Benami properties attached in Rajasthan in 16 monthsSo far, 176 benami properties and 25 bank accounts were attached till March after the amended Benami Transaction (prohibition) Amendment Ac...
- Who will own Jayalalithaa’s wealth? Court battles to decideThere are multiple potential claimants to the assets which fall in three categories: owned before Jayalalithaa became chief minister in 199...
- End of road for Lalu Prasad in politics: Sushil Modi"It's the end of the road in politics for Lalu Prasad as he is sure to be convicted in three other cases of fodder scam and would be debarr...
- Former CJI K G Balakrishnan’s relatives hid crores of income, reveals I-T probeThe report said there was nothing against the ex-CJI but revealed that members of his family had undervalued their assets and finally settl...
- Benami flats in Adarsh were bought under SC/ST quotas: CBI"In as many as 22 cases...flats are allotted to benami-dars under the SC/ST quota," said the chargesheet, filed yesterday before the Specia...
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