https://www.taxtmi.com/news?id=19355 Provisional attachment and enforcement under the Prohibition of Benami Property Transactions Act have been intensified to identify, attach and, where appropriate, confirm confiscation of properties held in benami arrangements. The Act enables provisional attachment of movable and immovable assets suspected to be benami, followed by adjudication and possible confiscation, and contemplates criminal liability for the beneficial owner, the benamidar and abettors with penalties including imprisonment and fines. en-us Thu, 11 Jan 2018 13:17:28 +0530 Thu, 11 Jan 2018 13:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=19355 Provisional attachment and enforcement under the Prohibition of Benami Property Transactions Act have been intensified to identify, attach and, where appropriate, confirm confiscation of properties held in benami arrangements. The Act enables provisional attachment of movable and immovable assets suspected to be benami, followed by adjudication and possible confiscation, and contemplates criminal liability for the beneficial owner, the benamidar and abettors with penalties including imprisonment and fines. News - Thu, 11 Jan 2018 13:17:28 +0530 https://www.taxtmi.com/news?id=19355