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BENAMI BANK
Money laundering case: Court sends 'godman' Ashok Kharat in judicial custodySelf-styled godman Ashok Kharat has been sent to 14-day judicial custody. He faces money laundering charges involving over Rs 47 crore. The...- 'Invisible weapons attacking social harmony': Akhilesh Yadav targets BJP, demands audit of funds and assetsSamajwadi Party Chief Akhilesh Yadav has directly attacked the Bharatiya Janata Party. He alleges invisible weapons are being used to harm ...
- Rs 70 crore money laundering case: ED gets 'godman' Ashok Kharat's custody till May 26Self-proclaimed spiritual leader Ashok Kharat has been remanded to Enforcement Directorate custody until May 26 in connection with an alleg...
- 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...
- India must leverage its digital verification architecture to evolve into a trust-based economyIndia faces a low-trust economy with high friction, exemplified by complex KYC norms. Finance Minister Nirmala Sitharaman highlighted this ...
- 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...
- 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...
- After Benami ruling, all eyes on 'retrospectivity' of Black Money LawWhile the I-T Act can be used to claim tax on 10-year old undisclosed income, the Black Money (BM) Act empowers the tax department to go af...
- I-T takes over Mehul Choksi's assets in 1st Benami law confiscationThe assets linked to Choksi were provisionally attached last year under the BTPA after a probe by the Mumbai IT investigation wing ascertai...
- 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...
- Income Tax Dept attaches 900 benami properties worth over Rs 3,500 crore: Finance Ministry"Income Tax Department has attached properties worth more than Rs 3,500 crore, including immovable properties of more than Rs 2,900 crore, ...
- Benami properties next on Modi's hit list? PM may have a plan next yearGiven its huge disruptive influence on real estate market as well as politics, a crackdown on benami property has the possibility of hoggin...
- Taxman may invoke Benami Act for unexplained credits, investmentsTax experts, however, said even now a distinction between unexplained tax credits, where higher tax is applicable, and a benami transaction...
- 74% of all cases registered by ED on fraud, graftAbout 83% of all money laundering cases registered by the ED in the last one year are those related to financial institutions and real esta...
- Benami properties worth over Rs 800 crore attached: CentreProvisional attachment of properties under the Act has been done in more than 230 cases," Santosh Kumar Gangwar said.
- Notices issued in 140 cases of benami properties worth Rs 200 croreShow cause notices for provisional attachment of benami properties have been issued in 140 cases involving properties of the value of about...
- Benami Act violators to face double whammy of legal actionBenami property "may be attached and confiscated by the government" and these actions are in "addition to actions under other laws such as ...
- Benami assets: I-T registers 230 cases, attaches assets worth Rs 55 croreViolations of the Act, made operational from November 1 last year, attract a heavy penalty and rigorous jail term up to seven years.
- I-T begins action under Benami Act; issues 87 notices; attaches 42 assets worth croresThe Benami Act provides that anyone who abets or induces the Benami transaction, shall be punishable with imprisonment for a period ranging...
- Bank account violators will face 7 years jail: Income Tax departmentThe sources said the taxman has initiated a country-wide operation to identify suspect bank accounts where huge cash deposits have been mad...
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