Benami Assets

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