Digital Inspection Power Expanded for Benami Transactions: The Newly Passed Income Tax Bill, 2025 Strengthens E-Governance
A New Era of Financial Transparency When Rajesh Kumar, a mid-level government employee earning ₹50,000 monthly, was found to own properties worth...
Husband Acquiring Property in Name of Wife does not Necessarily Imply Benami Transaction: Calcutta HC [Read Order]
In a recent decision the Calcutta High Court observed that the husband acquiring property in the name of wife does not necessarily imply Benami transaction. The factual matrix of the present case...
![Husband Acquiring Property in Name of Wife does not Necessarily Imply Benami Transaction: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Husband-Acquiring-Property-Name-of-Wife-Necessarily-Imply-Benami-Transaction-Calcutta-HC-TAXSCAN.jpg "Husband Acquiring Property in Name of Wife does not Necessarily Imply Benami Transaction: Calcutta HC [Read Order]")
Wife, who Contributed to Acquisition of Family Assets by Performing Household Chores Entitled to Equal Share in Property Purchased by Husband: Madras HC [Read Order]
In a revolutionary decision the Madras High Court ruled that the wife, who contributed to acquisition of family assets by performing household chores entitled to equal share in property purchased by...
![Wife, who Contributed to Acquisition of Family Assets by Performing Household Chores Entitled to Equal Share in Property Purchased by Husband: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Family-Assets-Household-Chores-Equal-Share-Property-Purchased-Madras-High-Court-Equal-Share-in-Property-Purchased-taxscan.jpg "Wife, who Contributed to Acquisition of Family Assets by Performing Household Chores Entitled to Equal Share in Property Purchased by Husband: Madras HC [Read Order]")
Section 53 of Benami Transactions (Prohibition) Amendment Act has Prospective Effect,only applies to Transactions entered after 1st November 2016: Delhi HC [Read Order]
The Delhi Bench High Court has held that Section 53 of Benami Transactions (Prohibition) Amendment Act has prospective effect, and only applies to transactions entered after 1st November 2016. ...
Supreme Court strikes down Amendment prescribing Punishment for entering into Benami Transactions [Read Judgment]
The Supreme Court struck down section 3(2) of the Benami Transactions (Prohibition) Act 1988 which prescribes punishment for entering into Benami transactions on the ground of being manifestly...
![Supreme Court strikes down Amendment prescribing Punishment for entering into Benami Transactions [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/08/Supreme-Court-Punishment-Benami-transactions-taxscan.jpeg "Supreme Court strikes down Amendment prescribing Punishment for entering into Benami Transactions [Read Judgment]")
Provisional attachment made after Benami Transactions (Prohibition) Amendment Act, 2016 valid even when Benami transactions took place before Amendment, rules Madras HC
The Madras High Court ruled that provisional attachment made after Benami Transactions (Prohibition) Amendment Act, 2016 valid even when Benami transactions took place before amendment. ...
![CBDT extends deadline of Compounding of Direct Taxes Offences [Read Circular]](https://www.taxscan.in/wp-content/uploads/2019/10/DIN-System-CBDT-Taxscan.jpg "CBDT extends deadline of Compounding of Direct Taxes Offences [Read Circular]")