https://www.taxtmi.com/circulars?id=68204 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. en-us Fri, 02 Dec 2016 00:00:00 +0530 Sat, 29 Mar 2025 09:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=68204 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. Circulars Income Tax Fri, 02 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=68204