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    <title>Notice and attachment of property involved in benami transaction.</title>
    <link>https://www.taxtmi.com/acts?id=22746</link>
    <description>Section 24 sets out the notice and provisional attachment mechanism for property suspected to be benami. The Initiating Officer must record reasons in writing before issuing notice, and where the beneficial owner is known, a copy of the notice must also be served on that owner. The noticee may furnish explanation within the specified time. If there is a risk of alienation, the Initiating Officer may, with prior approval, provisionally attach the property, and later continue attachment, revoke it, or decide not to attach, before referring the matter to the Adjudicating Authority.</description>
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    <pubDate>Sun, 16 Oct 2016 17:24:04 +0530</pubDate>
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      <title>Notice and attachment of property involved in benami transaction.</title>
      <link>https://www.taxtmi.com/acts?id=22746</link>
      <description>Section 24 sets out the notice and provisional attachment mechanism for property suspected to be benami. The Initiating Officer must record reasons in writing before issuing notice, and where the beneficial owner is known, a copy of the notice must also be served on that owner. The noticee may furnish explanation within the specified time. If there is a risk of alienation, the Initiating Officer may, with prior approval, provisionally attach the property, and later continue attachment, revoke it, or decide not to attach, before referring the matter to the Adjudicating Authority.</description>
      <category>Act-Rules</category>
      <law>Benami Property</law>
      <pubDate>Sun, 16 Oct 2016 17:24:04 +0530</pubDate>
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