https://www.taxtmi.com/article/detailed?id=8253 The Act prohibits benami transactions-transfers where one person holds property but consideration is paid by another-and disallows any suit or defence by alleged real owners; benami property is liable to confiscation. Designated authorities may investigate, impound documents, provisionally attach property with supervisory approval, and the Adjudicating Authority may confirm attachment and order confiscation, vesting title in the government. The regime provides appeal to an Appellate Tribunal, trial in Special Courts, and penal sanctions including imprisonment and fines for benami dealings and for furnishing false information. en-us Sat, 24 Nov 2018 07:18:24 +0530 Sat, 24 Nov 2018 07:18:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8253 The Act prohibits benami transactions-transfers where one person holds property but consideration is paid by another-and disallows any suit or defence by alleged real owners; benami property is liable to confiscation. Designated authorities may investigate, impound documents, provisionally attach property with supervisory approval, and the Adjudicating Authority may confirm attachment and order confiscation, vesting title in the government. The regime provides appeal to an Appellate Tribunal, trial in Special Courts, and penal sanctions including imprisonment and fines for benami dealings and for furnishing false information. Articles Other Topics Sat, 24 Nov 2018 07:18:24 +0530 https://www.taxtmi.com/article/detailed?id=8253