Tag Archives: benami

Part sale consideration or stamp duty can’t be sole criteria to hold transaction as benami: SC

The Supreme Court of India recently reiterated that the payment of part sale consideration or stamp duty by another person cannot be the sole criteria to hold the sale transaction as benami. After a review of plethora of case law, … Continue reading

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Benami Transactions Informants Reward Scheme, 2018 issued: Govt.

With the objective of obtaining people’s participation in the Income Tax Department’s efforts to unearth black money and to reduce tax evasion, a new reward scheme titled “Benami Transactions Informants Reward Scheme, 2018”, has been issued by the Income Tax … Continue reading

Posted in Company Law, Criminal Law, General Law, Income Tax Law, International Law, Notifications/Publications/Circulars | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Delhi High Court tosses out writ petition seeking appointment of “Competent Authority” under Benami Transactions (Prohibition) Act

Delhi High Court refused to grant any relief under a writ petition seeking a direction to the Ministry of Finance to appoint  “Competent Authority” contemplated in Section 5 of the Benami Transactions (Prohibition) Act, 1988 and to frame Rules in … Continue reading

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