Benami Transactions

He said, "I'll ask the people of Ramanagara to support me in fighting against such an idea of renaming or including Ramanagara in Bengaluru."

The Delhi High Court Monday granted six more weeks' time to the Reserve Bank of India (RBI) to respond to a PIL seeking implementation of a Uniform Banking Code for foreign exchange transactions to control black money generation and benami transactions.

The Supreme Court on Tuesday agreed to consider the Centre's submissions for an open court hearing of its plea seeking review of the judgement by which several provisions of the Benami Transactions (Prohibition) Amendment Act, 2016 were struck down.

The Centre on Tuesday sought from the Supreme Court an open court hearing on its plea seeking review of the judgement by which several provisions of the Benami Transactions (Prohibition) Amendment Act, 2016 were struck down.

The Delhi High Court on Monday granted relief by allowing Delhi minister Satyendar Jain's plea challenging proceedings against him under the Benami Transaction (Prohibition) Amendment Act 2016.

The Delhi High Court on Tuesday asked the Centre to seriously look into the issue raised in a Public Interest Litigation (PIL) seeking implementation of a Uniform Banking Code for foreign exchange transactions to control black money generation and benami transactions.

The Supreme Court Monday said it cannot hold an inquiry as to what was there in the phone conversation between former Andhra Pradesh high court judge Justice V Eswaraiah and a suspended trial court magistrate with regard to various issues including alleged ''Benami'' or illegal transactions related to the Amaravati land scam case.

The Income Tax department on Tuesday attached properties worth Rs 1,600 crores belonging to former AIADMK leader VK Sasikala under the provisions of the Benami Transactions (Prohibition) Act, IT sources said.

The Income-Tax Department has attached a "benami" plot worth Rs 400 crore in Noida belonging to BSP chief Mayawati's brother and his wife, an official order said.

The Income Tax Department has confiscated assets worth Rs 6,900 crore till now as part of its action under the anti-benami transactions law, the agency said in a public advertisement today.

The government on Wednesday approved setting up of Appellate Tribunal and Adjudicating Authority for speedy disposal of cases related to benami transactions.

The Income Tax department has attached benami properties worth Rs 4,300 crore till June 30, the government said today.

Over 780 benami asset attachments worth crores of rupees run the risk of being invalidated in the near future as the government has failed to create a designated adjudicating authority for over a year-and-a-half since the stringent law was enforced to deal with black money and corruption.

Sharing "specific information" with the income tax department about any benami transaction or property could earn you up to Rs one crore, while the same for undisclosed black money stashed abroad could fetch up to Rs 5 crore.

Under the revised scheme, a person can get reward up to Rs 50 lakh for giving specific information about substantial tax evasion within India.

He said, "I'll ask the people of Ramanagara to support me in fighting against such an idea of renaming or including Ramanagara in Bengaluru."

The Delhi High Court Monday granted six more weeks' time to the Reserve Bank of India (RBI) to respond to a PIL seeking implementation of a Uniform Banking Code for foreign exchange transactions to control black money generation and benami transactions.

The Supreme Court on Tuesday agreed to consider the Centre's submissions for an open court hearing of its plea seeking review of the judgement by which several provisions of the Benami Transactions (Prohibition) Amendment Act, 2016 were struck down.

The Centre on Tuesday sought from the Supreme Court an open court hearing on its plea seeking review of the judgement by which several provisions of the Benami Transactions (Prohibition) Amendment Act, 2016 were struck down.

The Delhi High Court on Monday granted relief by allowing Delhi minister Satyendar Jain's plea challenging proceedings against him under the Benami Transaction (Prohibition) Amendment Act 2016.

The Delhi High Court on Tuesday asked the Centre to seriously look into the issue raised in a Public Interest Litigation (PIL) seeking implementation of a Uniform Banking Code for foreign exchange transactions to control black money generation and benami transactions.

The Supreme Court Monday said it cannot hold an inquiry as to what was there in the phone conversation between former Andhra Pradesh high court judge Justice V Eswaraiah and a suspended trial court magistrate with regard to various issues including alleged ''Benami'' or illegal transactions related to the Amaravati land scam case.

The Income Tax department on Tuesday attached properties worth Rs 1,600 crores belonging to former AIADMK leader VK Sasikala under the provisions of the Benami Transactions (Prohibition) Act, IT sources said.

The Income-Tax Department has attached a "benami" plot worth Rs 400 crore in Noida belonging to BSP chief Mayawati's brother and his wife, an official order said.

The Income Tax Department has confiscated assets worth Rs 6,900 crore till now as part of its action under the anti-benami transactions law, the agency said in a public advertisement today.

The government on Wednesday approved setting up of Appellate Tribunal and Adjudicating Authority for speedy disposal of cases related to benami transactions.

The Income Tax department has attached benami properties worth Rs 4,300 crore till June 30, the government said today.

Over 780 benami asset attachments worth crores of rupees run the risk of being invalidated in the near future as the government has failed to create a designated adjudicating authority for over a year-and-a-half since the stringent law was enforced to deal with black money and corruption.

Sharing "specific information" with the income tax department about any benami transaction or property could earn you up to Rs one crore, while the same for undisclosed black money stashed abroad could fetch up to Rs 5 crore.

Under the revised scheme, a person can get reward up to Rs 50 lakh for giving specific information about substantial tax evasion within India.