September 09, 2021 10:17 am
The 3-acre and 52 cents property at Payyanoor village, purchased in 1994 was attached under Section 24 (3) of the Act, which outlines the procedure.
July 24, 2017 9:55 pm
On the anti-evasion measures taken by the government, Arun Jaitley said linking of taxpayer's permanent account number (PAN) with biometric identifier Aadhaar is aimed at preventing tax evasion using multiple PANs. Also, a watch is being kept on the nature of expenditure and if it is compliant with declared income of assessee.
July 11, 2017 9:00 am
This is the first time that tax authorities are taking recourse to laws under the Benami Transactions (Prohibition) Amendment Act, 2016, to charge a serving government official and seize properties. The two SRA properties, sources said, were allegedly acquired by Rasal in 2013.
May 16, 2015 2:54 am
"We will have a black money discussion (with finance minister Arun Jaitley) to solve and clarify (the issue)," said Swiss economic affairs minister.
May 15, 2015 2:29 am
A Benami Transactions (Prohibition) Act was passed in 1988 to put an end to such transactions, and to empower the government to recover such property.
July 21, 2011 5:57 pm
Properties purchased in the name of spouse/siblings is likely to be allowed by government.