Benami property prohibition: investigators must gather specified evidence and refer suspected benami assets for attachment and action. Investigating officers under the Income tax Act must collect evidence relevant to the Prohibition of Benami Property Transactions Act, focusing on identification of legal/apparent and beneficial owners, whether property is held for another's benefit, source of funds, transactions in fictitious names, denial of ownership, and untraceable consideration providers. If there is prima facie belief a property is benami, after controlling officer approval the information must be forwarded to the Initiating Officer within 60 days to enable attachment and other action under the Act.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Benami property prohibition: investigators must gather specified evidence and refer suspected benami assets for attachment and action.
Investigating officers under the Income tax Act must collect evidence relevant to the Prohibition of Benami Property Transactions Act, focusing on identification of legal/apparent and beneficial owners, whether property is held for another's benefit, source of funds, transactions in fictitious names, denial of ownership, and untraceable consideration providers. If there is prima facie belief a property is benami, after controlling officer approval the information must be forwarded to the Initiating Officer within 60 days to enable attachment and other action under the Act.
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