Tag: Prohibition of Benami Property Transactions Act
Provisional attachment of property purchased prior to Benami Transaction (Prohibition) Amendment Act, 2016 upheld by High Court ABCAUS Case Law Citation:ABCAUS 3313 (2020) (05) HC Important case law relied upon by the parties:R Rajgopal Reddy vs. Padmini Chandrasekharran (1995) 2 SCC 630Mangathai Ammal (Died) through L.Rs. and Others …
The Prohibition of Benami Property Transactions (Conditions of services of Members of Adjudicating Authority) Rules, 2019 MINISTRY OF FINANCE (Department of Revenue)
Merely giving financial assistance by father to sons to purchase properties it could not be said to benami transaction – SC ABCAUS Case Law Citation: ABCAUS 2872 (2019) (04) SC Important Case Laws Cited/relied upon by the parties Thakur Bhim Singh v. Thakur Kan Singh (1980) 3 SCC 72 Binapani Paul v. …
Allocation/Reallocation of work in respect of matters and cases relating to the Benami Transactions (Prohibition) Act, 1988 amongst CBDT members The Central Board of Direct Taxes has allocated/reallocated in respect of all matters and cases or classes of cases relating to the Benami Transactions (Prohibition) Act, 1988 and/or …
Period for discharge of functions by Adjudicating Authority and Appellate Tribunal under Benami Properties Act. MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 1st November, 2018 S.O. 5608(E).—In exercise of powers conferred by section 71 of the Prohibition of Benami Property Transactions Act, 1988 (45 of 1988) …
Designated Special Courts for trial of offences punishable under the provisions of Prohibition of Benami Property Transactions Act 1988 MINISTRY OF FINANCE (Department of Revenue) Notification No. 67/2018 New Delhi, the 16th October, 2018 S.O. 5323(E).—In exercise of powers conferred by sub-section (1) of section 50 of the …
Applicability of Benami Property Act to Cash seized-High Court declines to interfere with show cause notice as source and nature were in the “special knowledge” of the possessor ABCAUS Case Law Citation: ABCAUS 2429 (2018) 07 HC The petitioner was found in possession of money, the source of which …
Income Tax Benami Property Unit to have 360 degree view of PAN details As per ITBA-Investigation Instruction issued by the Director of Income tax (Systems), the Benami Property Unit (BPU) users will be able to navigate to 360 degree view screen in Income Tax Business Application (ITBA) and …
Income Tax Department steps-up actions under Prohibition of Benami Property Transactions Act. Benami properties of more than Rs. 3,500 crore in more than 900 cases attached Due to intensive efforts undertaken by the Income Tax Department, provisional attachment has been made in more than 900 cases of properties under the …
CBDT-SOP for implementation of Prohibition of Benami Property Transactions Act 1988 following setting up of dedicated Benami Prohibition Units (BPUs) CBDT-SOP for implementation of Prohibition of Benami Property Transactions Act 1988 CBDT (Investigation Division) has issued a Standard Operating Procedure (SOP) with regard to implementation of Prohibition of Benami Property …
