Quick Summary
In a significant turn of events, Maharashtra Deputy Chief Minister Ajit Pawar and his family have been exonerated of allegations of owning benami properties. The Prevention of Benami Property Transactions Appellate Tribunal delivered its verdict on Thursday, just a day after Pawar assumed office as Deputy Chief Minister. Assets Released by the Income Tax Department Following the tribunals ruling, the Income Tax Department on Friday released properties valued at over ₹1,000 crore, which had b
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FAQ :
Ajit Pawar and his family were accused of holding benami properties, which are assets acquired through illegal or undisclosed means.
The tribunal ruled that there was no substantial evidence to prove that Ajit Pawar or his family owned benami properties.
Assets valued at over ₹1,000 crore were released, including land parcels in Maharashtra, a flat in Delhi, the Jarandeshwar Sugar Factory, and a resort in Goa.
The properties were seized by the Income Tax Department during searches conducted in October 2021.
The tribunal noted shortcomings in the evidence presented by the Income Tax Department and stated that all financial transactions were conducted through legitimate channels.
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