Benami properties worth over Rs 4,300 cr attached by I-T Deptt

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New Delhi : Due to intensive efforts undertaken by the Income-tax Department, provisional attachment has been made in more than 1,600 cases of properties under the Benami Transactions (Prohibition) Act, 1988. They include plots of land, flats, shops, vehicles, deposits in bank accounts, fixed deposits etc. The value of properties under attachment is more than Rs 4,300 crore including immovable properties of more than Rs 3,400 crore.

Suitable action under the Benami Transactions (Prohibition) Act, 1988, inter alia, against the benamidars and the beneficial owners has been taken by the Income-tax Department. However, it may be mentioned here that category wise details of the persons are not maintained by the Income-tax Department. This was stated by Shiv Pratap Shukla, Minister of State for Finance, in written reply to a question in Rajya Sabha on July 31, 2018, according to a PIB release.