![Purchase of Shares in company under Liquidation not deemed Benami Property Ownership: Supreme Court condones delay in filing Civil Appeal [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2023/10/Purchase-of-Shares-in-company-Liquidation-Benami-Property-Ownership-Benami-Property-Civil-Appeal-condones-delay-Supreme-Court-taxscan.webp "Purchase of Shares in company under Liquidation not deemed Benami Property Ownership: Supreme Court condones delay in filing Civil Appeal [Read Judgement]")
Purchase of Shares in company under Liquidation not deemed Benami Property Ownership: Supreme Court condones delay in filing Civil Appeal [Read Judgement]
The Supreme Court of India has held that the purchase of shares in a company under liquidation does not automatically confer ownership of benami...
![Amendment under Prohibition of Benami Property Transactions Act not be treated as final and only be treated as Provisional: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Amendment-Benami-Property-Transactions-Act-Calcutta-HC-Taxscan.jpg "Amendment under Prohibition of Benami Property Transactions Act not be treated as final and only be treated as Provisional: Calcutta HC [Read Order]")
Plea in Supreme Court seeking Life Imprisonment for Bribery, Black Money, Benami Property, Tax Evasion etc...
A Public Interest Litigation (PIL) has been filed before the Supreme Court seeking a direction to the Centre to ascertain the feasibility of confiscating black money, Benami properties, and...
Calling for Income Tax Return, not violative of Right to Privacy as it is a Government Document: Telangana HC [Read Judgment]
The Telangana High Court held that a calling for an income tax return by the court is not violative of the fundamental right i.e. the Right to Privacy under Article 21 of Part III of the Constitution...
![Calling for Income Tax Return, not violative of Right to Privacy as it is a Government Document: Telangana HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/04/Income-Tax-Return-Taxscan.jpg "Calling for Income Tax Return, not violative of Right to Privacy as it is a Government Document: Telangana HC [Read Judgment]")
Cabinet approves Appointment of Adjudicating Authority and Establishment of Appellate Tribunal under Prohibition of Benami Property Transactions Act
The Union Cabinet chaired by Prime Minister Narendra Modi has approved the appointment of Adjudicating Authority and establishment of Appellate Tribunal under Prohibition of Benami Property...
![Rules of Application for Declaration of Fugitive Economic Offender Notified [Read Notification]](https://www.taxscan.in/wp-content/uploads/2018/04/Fugitive-Economic-Offenders-Taxscan.jpg "Rules of Application for Declaration of Fugitive Economic Offender Notified [Read Notification]")
Income Tax Department steps-up actions under Prohibition of Benami Property Transactions Act: Benami Properties of more than Rs. 3,500 cr in more than 900 cases attached
Due to intensive efforts undertaken by the Income Tax Department, provisional attachment has been made in more than 900 cases of properties under the Prohibition of Benami Property Transactions Act,...
Demonetization - 7 years Punishment for persons using Other’s Bank Account to legalize Black Money; says IT Department
The Income Tax Department to levy penalty of 7 years imprisonment for persons depositing money in other’s account during the 50 day window period. Sources reveals that the Department has decided to...
