A landmark ruling confirms that the Income Tax (I-T) department can seize properties under the anti-benami law even if the actual owner is unknown. The judgment, related to properties worth Rs 3.47 crore in Lucknow, highlights the law’s power to act against assets bought with unaccounted cash, even when the person funding the purchase is untraceable. This decision reinforces the government’s crackdown on benami transactions, especially in the real estate sector, and sets a strong precedent for future cases.
“It is hard to believe that the police of two states have been unable to find the woman. It’s unbelievable. Your (police) methodology is simple. You go and ask the grandparents. Is this the way? Since when have the police become polite?” the bench remarked. Mumbai: Last week, the Bombay High Court criticized the Maharashtra […]
