Income Tax Department Empowered to Attach Assets Under Anti-Benami Law Even Without Identifying Beneficial Owner

Last updated: 16 January 2025

In a significant ruling dated November 26, 2024, the Adjudicating Authority under the Prohibition of Benami Property Transactions (PBPT) Act, 1988, upheld the Income Tax Department's power to attach assets under the anti-benami law, even if the actual owner of such properties remains unidentified. T

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