https://www.taxtmi.com/forum/issue?id=111608 Benami transactions occur where property stands in one person's name but consideration is paid by another and the property is held for the benefit of the payer. The statute names the holder as the benamdar and the asset as benami property, lists exclusions for family and fiduciary holdings, criminalises participation and furnishing false information, permits confiscation without compensation, and establishes a procedure involving an Initiating Officer, Adjudicating Authority and appellate review. en-us Mon, 13 Mar 2017 11:32:38 +0530 Thu, 23 Jan 2025 15:55:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=111608 Benami transactions occur where property stands in one person's name but consideration is paid by another and the property is held for the benefit of the payer. The statute names the holder as the benamdar and the asset as benami property, lists exclusions for family and fiduciary holdings, criminalises participation and furnishing false information, permits confiscation without compensation, and establishes a procedure involving an Initiating Officer, Adjudicating Authority and appellate review. Discussion-Forum Indian Laws Mon, 13 Mar 2017 11:32:38 +0530 https://www.taxtmi.com/forum/issue?id=111608