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IT Begins Action under Benami Act, Crores worth Assets Seized - T News

Tue, Jan 31, 2017, 04:03 PM
The IT has concentrated on benami transactions and it is weilding an iron fist against those who resorted to cheating, by depositing the amounts in others accounts, following the demonetisation. The IT is imposing the benami act against such people and it already issued 87 notices and siezed 42 assets worth of crores. The deposits in banks as well as the physical assets are also present in the siezed assets and it is learned that the IT is prepared to act against many other benamis also.
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