IT Dept identifies 235 benami transactions & properties

Wed 22 Feb 2017, 23:11:53

New Delhi, Feb 22: The Income Tax Department on Wednesday announced that it had identified and unearthed a large number of benami transactions and properties. Sources said that the cases until February had exceeded 235 in number.

'Out of the benami transactions already identified, the Units set-up under Prohibition of Benami Property Transactions Act have already issued show cause notices for attachment of benami properties in 140 cases,' the news agency quoted IT Dept

sources.

Properties of Rs 200 crore are involved in such transactions, IT Dept sources said.

'Out of these notices, in 124 cases benami properties worth more than Rs 55 crore have already been provisionally attached,' sources said.

The government has upped the fight against the transcations of benami properties in the past few months. Union Miniter Venkaiah Naidu had earlier said that the the government will strictly implement the Benami Transactions (Prohibition) Act, 1988

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1 Comments For This Post.

Mohammed Mujahid Qureshi Says:
It will be good for BJP if it concentrates on corruption and good governance rather than raising the issues of Triple Tallaq and uniform civil code and projecting Muslims as terrorists and anti-nationals. Please note that BJP won the election based on its main slogan “Sab ka saath, Sab ka Vikas” and surely many Muslims voted for it based on its Slogan. But subsequently it is banning the cow slaughter and spreading the message Muslims only slaughter the cows. BJP shall conduct the survey on beef eating people and it will be astonished to note that more than 40% of Hindus eat beef. India is known for diversity of faith and Religion in the world. There is no one God or single Faith in India. We have people in Indian who believes Ram as their God and at the same time people who believe Ravan as their God. We have followers of Ganesh, Shiva, Krishna, Kaali Devi, Sarasvati Devi, Lakshmi Devi, Hanuman, River Ganga and many, many more Gods like Sikh, Buddha, Jain, Muslim, etc. Imagine if we start dividing each group based on their faith, eating habits and personal orientation than….. In short BJP shall not divide the India just to rule it or remain in power

Comment posted on February 26 2017