 Confiscated benami assets worth â¹6,900 crore: I-T Dept
The Income Tax Department on Tuesday said it has confiscated assets worth â¹6,900 crore so far under the anti-benami transactions law. Those who "abet and induce" benami transactions, benamidar and beneficiaries may face rigorous imprisonment up to 7 years besides being liable to pay fine, it added. The tax department started initiating action under the new law from November 2016.