Benami Assets

I-T dept attaches 2nd property in benami assets case against Mukhtar Ansari

The Income Tax department has attached a second land property worth about Rs 10 crore in Lucknow as part of its ongoing alleged benami assets possession probe against gangster-politician Mukhtar Ansari and his family. The department's Benami Assets Investigation wing, headquartered here, has codenamed the comprehensive probe Operation Panther. It has found that the 'benamidar (in whose name a benami property is standing)' of the 3,234-square feet plot at 13-C/3 in Lucknow's Dalibagh area is a Ghazipur-based woman named Tanveer Sahar. Official records accessed by PTI show that the department attached the plot under Section 24(3) read with Rule-5 of the Prohibition of Benami Properties Transaction Act on September 29 as it found that the linked people are "very influential" and that the property is located in a prime location and can be disposed of clandestinely. While the plot's stamp valuation is just over Rs 76 lakh, official sources pegged its market value at about Rs 10 crore.

I-T dept initiates action against gangster Atiq Ahmad's 'benami' assets

The Income-tax department has attached half-a-dozen land parcels in Uttar Pradesh's Prayagraj district, being held by a BPL card holder security guard, as part of its action against slain gangster-politician Atiq Ahmad whose family and gang is considered beneficiary of several "benami" properties worth crores of rupees. This is the first action undertaken by the department's benami prohibition unit (BPU) located in state capital Lucknow against Atiq Ahmad's empire as part of a comprehensive investigation under the anti-benami law against his family and gang members. It was detected by the I-T authorities that a number of such lands and other immovable assets were held by people with "very limited means" and the funds being generated through these sales were purportedly being channelised for the requirement of Ahmad's family even after his death, official sources said. Ahmad (60) and his brother Khalid Azim alias Ashraf were shot dead by three assailants in April when they were being

Parliamentary panel flags possibility of 'benami' petrol pumps, seeks probe

A parliamentary panel has flagged the possibility of individuals operating petrol pumps in the name of SC and ST applicants due to certain changes made in the allocation guidelines and has asked the Centre to direct oil marketing companies to conduct regular "surprise inspections" to check such "benami operations". In its report tabled in Parliament on Tuesday, the panel raised questions over the changes made in the guidelines post 2014 and came down heavily on the Ministry of Petroleum and Natural Gas for giving its approval. The panel noted that the ministry had itself reduced its stature to that of "a mere rubber stamp" by giving "full autonomy" to public sector oil marketing companies (OMCs) in the matter. During the inspection, the committee recommended, the proof of ownership, caste certificate and office accounts/ledgers bearing signature, payment details in account and the owners' name be examined "impromptu" with mandatory presence of the owners to establish authenticity of

Assets worth Rs 18,400 crore attached under Benami Act till July 31: Report

Till July 31, the I-T Department had issued notices in 3,175 cases amounting to Rs 19,222 crore

What is 1988 Benami Property Act and Benami Transaction Amendment Act 2016

Supreme Court termed 'The Benami Act' unconstitutional. What is the 1988 Benami property act? What is the Benami Transaction Amendment Act 2016? Why is it unconstitutional? Read to know everything

CBDT launches e-portal for lodging complaints on tax evasion, benami assets

Tax Dept will allot unique number to each complaint; the complainant will be able to view status on Dept's website

I-T dept records Robert Vadra's statement for 2nd day in benami assets case

The I-T dept questioned Robert Vadra for about four hours on the second consecutive day on Tuesday in connection with its probe against him under the benami assets law, official sources said

I-T dept questions Robert Vadra for second day in benami assets case

The Income Tax department questioned Robert Vadra, son-in-law of Congress President Sonia Gandhi, for the second consecutive day on Tuesday

I-T dept visits Vadra's premises in connection with benami assets case

Vadra, 52, said the action was aimed to "digress" from the "real issues" concerning the country like the farmers' agitation

I-T unearths Rs 1,000-cr 'black money' after raids on Chennai IT infra firm

Income Tax department conducted searches against a Chennai-based IT infrastructure group and detected Rs 1,000 crore alleged black money and possible instances of holding of benami assets, CBDT said

NBCC sweetens bid to buy Jaypee Infra; offers more land, flats to lenders

Jaypee Infratech owed nearly Rs 10,000 crore to bankers

I-T attaches Lutyens bungalow worth Rs 208-cr in the name of ex-UP engineer

The property was purchased in 2007 in the name of Kolkata-based Ajanta Merchants Pvt Ltd for a declared consideration of Rs 21.50 crore

Tax sleuths have seized benami assets worth Rs 6,900 crore to date

The tax department started initiating action under this law, implemented by the Modi govt, from Nov 1, 2016.

Benami assets: I-T profiles of property above Rs 30 lakh under scanner

We will destroy all instruments that are used to convert black money into white: CBDT Chairman

Benami assets worth Rs 1,833 cr attached; CBDT's strong action to continue

The income tax department has attached benami assets worth Rs 1,833 crore so far as part of its sustained action plan

PM hints at crackdown on benami assets, more trouble for Congress leaders

There would be many Congress leaders, the prime minister claimed, who would have purchased assets like cars and houses in the names of their drivers and cooks

I-T dept attaches Rs 300-cr alleged benami assets of Bhujbal, family

The department alleged assets were allegedly created by them using a maze of about 4 dozen shell cos

Benami assets: I-T books 230 cases, attaches Rs 55 cr assets

Violations of the Act, made operational from November 1 last year