I-T Dept attaches benami properties worth â¹3,900 crore
The Income Tax Department has provisionally attached benami properties of over â¹3,900 crore in more than 1,200 cases, Union Minister Shiv Pratap Shukla informed the parliament. He also said that more than 1,600 benami transactions were identified till end-February. Tax department had warned that persons who abet and induce benami transactions may face rigorous imprisonment of up to 7 years.