Searched for
ANTI BENAMI LAW
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...- PM Modi empowered ED to cleanse cancer of financial crimes; not to target anyone: MoS Pankaj ChaudharyPankaj Chaudhary, the Minister of State for Finance, called the central agency the "nation's shield against financial crimes", stating that...
- Not naming beneficial owner does not invalidate I-T attachment order: Anti-benami authorityThe Adjudicating Authority confirmed a land assets attachment order issued by the Income Tax department in 2023. The order involved land pa...
- I-T dept attaches assets worth Rs 150 crore after raids in 'benami' case against SP leader Abu AzmiBenami means 'no name' or 'without name' and such properties are those in which the real beneficiary is not the one in whose name the prope...
- I-T department initiates action against Atiq Ahmad's 'benami' assets; attaches six held by security guardThe Income-tax department has taken action against gangster-politician Atiq Ahmad's empire by attaching several land parcels in Uttar Prade...
- 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...
- Supreme Court strikes down provision of 1988 Benami lawThe verdict came on the appeal of the Centre challenging the Calcutta High Court judgement in which it was held that the amendment made in ...
- HC refuses to entertain PIL to direct govt to explore feasibility of confiscating black moneyA bench of Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad said after withdrawing the petition from the Supreme Court, i...
- Income Tax department questions Robert Vadra for second straight day in benami assets caseAfter he was questioned on the first day on Monday, the 52-year-old had said the aim of the tax department's action was to "digress" from t...
- PIL in SC to establish Special Anti-Corruption Courts in every districtThe PIL filed by BJP leader and advocate Ashwini Kumar Upadhyay has also sought directions to high courts to take appropriate steps to deci...
- IT dept attaches Rs 400 cr 'benami' plot in Noida belonging to Mayawati's brother, wifeThe law stipulates that a violator of the Benami Act can face rigorous imprisonment up to seven years besides being liable to pay fine up t...
- I-T dept attaches Lutyens bungalow worth Rs 208-crore in benami case against ex-UP engineerAn order for provisional attachment of the property was issued by the department under the anti-benami assets law.
- Confiscated benami assets worth Rs 6,900-cr: I-T departmentThe tax department started initiating action under this law, implemented by the Modi government, from November 1, 2016.
- Anti-money laundering body gets new member after 5-month delayVinodanand Jha, an Indian Revenue Service (Income Tax) officer of the 1983 batch, has been appointed as the Member of the authority from th...
- How to kill an idea: What went wrong with Modi's plan to go after benami propertiesMore than 780 benami asset attachments worth crores of rupees run the risk of being invalidated in the absence of an authority.
- Benami attachments worth crores may fall flat as no authority for 1.5 yearsThere is real worry that these high-value cases may get "time-barred" or invalidated as benami attachment orders have to be confirmed withi...
- I-T dept seizes Rs 85-crore cash, bullion from illegal Delhi vaultA fresh seizure of over Rs 23 crore in gold jewellery, biscuits, precious stones and cash was made yesterday by the sleuths from the vault,...
- Illegal Delhi vault leads taxmen to Rs 61 crore black money & goldLast week, the department seized unaccounted cash and bullion valued at Rs 41 crore from multiple lockers located in a private vault in the...
- Delhi: I-T seizes Rs 41 crore bullion, cash from private vaultsOfficial sources said the taxman seized gold coins and biscuits, jewellery and cash kept at one such vault firm in the South Extension area...
- Benami assets: I-T scanning profiles of property registered over Rs 30 lakhAction against illicit asset holders is set to intensify under the provisions of the anti-Benami Act. The taxman has already attached 621 p...
Load More
