Benami Property: Calcutta High Court Refuses to Quash Notice 

Aachman Marketing Private Limited & Anr. Vs DCIT (Calcutta High Court) In a significant judgment, the Calcutta High Court has refused to quash a show-cause-notice under Section 24 of the Prohibition of Benami Property Transaction Act, 1988. The case, Aachman Marketing Private Limited & Anr. Vs DCIT, revolved around a notice issued to the petitioners regarding a property transaction. Instead of quashing the notice, the High Court has allowed an extension for the filing of objections and has permitted a re-hearing. The petitioners challenged the impugned show-cause-notice based on jurisd...