Benami Transactions

Understanding Benami Property: Definition, Offenses & Examples

Income Tax - Learn about Benami properties, their definition, motive, and legal implications. Explore examples of Benami transactions and the consequences for Benamidars and Beneficial Owners....

Provisions of Prohibition of Benami Property Transactions Act, 1988 Rationalised

Income Tax - Understand changes to the provisions of the PBPT Act,1988 with budget 2023 - Section 46 appeals & more...

Benami transactions or Benami property

Income Tax - Understand the impact of Benami transactions and property dealings. Learn about the legal implications and consequences of such transactions....

Laws against Benami Property in India

Income Tax - Learn about the Benami Transactions (Prohibition) Amendment Act, 2016 and the measures taken to confiscate Benami property in India....

SC: No Criminal Proceedings can be initiated against any Benami transaction prior to October, 2016

Income Tax - SC held that revenue department cannot initiate criminal proceedings for transactions entered into prior to the Benami Transaction (Prohibition) Amendment Act, 2016 ...

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Section 5 Provision under Amended Act on Benami Property Transactions Applies Prospectively: Madras HC

DCIT Vs Navrang Infrastructure Pvt. Ltd. (Madras High Court) - Explore the Madras High Court's stance on applying Section 5 of the Amended Prohibition of Benami Property Act retrospectively. Analysis of recent judgments and implications for pending cases....

Writ Dismissed as Provisional Attachment Lifted under Section 24(4)(b)(i) of Benami Property Act

P.M. Sharijth Vs ACIT (Kerala High Court) - Kerala High Court dismissed the writ petition as provisional attachment made u/s 24(4)(b)(i) of the Prohibition of Benami Property Transactions Act, 1988 in respect of the properties of the petitioner was lifted....

Benami Property: Calcutta High Court Refuses to Quash Notice 

Aachman Marketing Private Limited & Anr. Vs DCIT (Calcutta High Court) - Calcutta High Court allows re-hearing and extension to file objections in a case concerning Section 24 of the Prohibition of Benami Property Transaction Act. The decision provides an opportunity for a more detailed review of the law....

HC quashed proceedings under Benami Transactions (Prohibition) Amendment Act, 2016 for transactions prior to 25-10-2016

Brightcareer Consultancy Services Pvt. Ltd. Vs Union of India (Bombay High Court) - Brightcareer Consultancy Services Pvt. Ltd. Vs Union of India (Bombay High Court) HC quashed proceedings under Benami Transactions (Prohibition) Amendment Act, 2016 for transactions prior to 25-10-2016 1. The petitioner in the present case, apart from challenging the constitutional validity of the p...

Section 53 of Benami Transactions (Prohibition) Amendment Act, 2016 is prospective

Rajesh Katyal Vs Income Tax Department (Delhi High Court) - Rajesh Katyal Vs Income Tax Department (Delhi High Court) Supreme Court in judgment of Ganpati Dealcom Pvt. Ltd. Held that offence under Section 53 of Benami Transactions (Prohibition) Amendment Act, 2016 is prospective and would only apply to those transactions which were entered into after amendme...

Allocation of Jurisdiction among Competent Authorities – Benami Property Act

Notification No. 04 of 2023 [G.S.R. 571(E)] - (31/07/2023) - Read latest notification (No. 04/2023) from Ministry of Finance, Department of Revenue, allocating jurisdiction among Competent Authorities under Benami Property Transactions Act....

Govt notifies jurisdiction for Competent Authorities under Benami Act

Notification No. 02/2021 [G.S.R. 499(E).) - (19/07/2021) - Central Government allocates jurisdiction among Competent Authorities authorized under section 5(1) of Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 for the purpose of section 7 of the Prohibition of Benami Property Transactions Act 1988 MINISTRY OF FINANCE (Departme...

Prohibition of Benami Property Transactions (1st Amendment), Rules, 2019

Notification No. 101/2019-Income Tax [G.S.R. 885(E)] - (29/11/2019) - (1) These rules may be called the Prohibition of Benami Property Transactions (1st Amendment), Rules, 2019. (2) They shall come into force from the date of their publication in the Official Gazette....

Recent Posts in "Benami Transactions"

Section 5 Provision under Amended Act on Benami Property Transactions Applies Prospectively: Madras HC

DCIT Vs Navrang Infrastructure Pvt. Ltd. (Madras High Court)

Explore the Madras High Court's stance on applying Section 5 of the Amended Prohibition of Benami Property Act retrospectively. Analysis of recent judgments and implications for pending cases....

Writ Dismissed as Provisional Attachment Lifted under Section 24(4)(b)(i) of Benami Property Act

P.M. Sharijth Vs ACIT (Kerala High Court)

Kerala High Court dismissed the writ petition as provisional attachment made u/s 24(4)(b)(i) of the Prohibition of Benami Property Transactions Act, 1988 in respect of the properties of the petitioner was lifted....

Allocation of Jurisdiction among Competent Authorities – Benami Property Act

Notification No. 04 of 2023 [G.S.R. 571(E)] 31/07/2023

Read latest notification (No. 04/2023) from Ministry of Finance, Department of Revenue, allocating jurisdiction among Competent Authorities under Benami Property Transactions Act....

Benami Property: Calcutta High Court Refuses to Quash Notice 

Aachman Marketing Private Limited & Anr. Vs DCIT (Calcutta High Court)

Calcutta High Court allows re-hearing and extension to file objections in a case concerning Section 24 of the Prohibition of Benami Property Transaction Act. The decision provides an opportunity for a more detailed review of the law....

Understanding Benami Property: Definition, Offenses & Examples

Learn about Benami properties, their definition, motive, and legal implications. Explore examples of Benami transactions and the consequences for Benamidars and Beneficial Owners....

Posted Under: Corporate Law |

Provisions of Prohibition of Benami Property Transactions Act, 1988 Rationalised

Understand changes to the provisions of the PBPT Act,1988 with budget 2023 - Section 46 appeals & more...

Posted Under: Corporate Law |

HC quashed proceedings under Benami Transactions (Prohibition) Amendment Act, 2016 for transactions prior to 25-10-2016

Brightcareer Consultancy Services Pvt. Ltd. Vs Union of India (Bombay High Court)

Brightcareer Consultancy Services Pvt. Ltd. Vs Union of India (Bombay High Court) HC quashed proceedings under Benami Transactions (Prohibition) Amendment Act, 2016 for transactions prior to 25-10-2016 1. The petitioner in the present case, apart from challenging the constitutional validity of the provisions of the Benami Transactions (Pr...

Section 53 of Benami Transactions (Prohibition) Amendment Act, 2016 is prospective

Rajesh Katyal Vs Income Tax Department (Delhi High Court)

Rajesh Katyal Vs Income Tax Department (Delhi High Court) Supreme Court in judgment of Ganpati Dealcom Pvt. Ltd. Held that offence under Section 53 of Benami Transactions (Prohibition) Amendment Act, 2016 is prospective and would only apply to those transactions which were entered into after amendment came into force i.e., 01st November, ...

Benami transactions or Benami property

Understand the impact of Benami transactions and property dealings. Learn about the legal implications and consequences of such transactions....

Posted Under: Corporate Law |

Laws against Benami Property in India

Learn about the Benami Transactions (Prohibition) Amendment Act, 2016 and the measures taken to confiscate Benami property in India....

Posted Under: Corporate Law |

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