IT Dept. intensifies action against Benami transactions, attaches over Rs. 3500 crore worth properties

Jan 11,2018

Income-tax Department steps up actions under Prohibition of Benami Property Transactions Act (‘the Benami Act’) with strive to curb black money; IT Dept makes provisional attachment of properties (plots of land, flats, shops, jewellery, vehicles, deposits in bank accounts, fixed deposits) in more than 900 cases valuing more than Rs. 3500 crores (which includes immovable properties worth more than Rs. 2900 crore); Further, the provisional attachments of Benami ...

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