TMI BlogNotice and attachment of property involved in benami transaction.X X X X Extracts X X X X X X X X Extracts X X X X ..... of material in his possession, has reason to believe that any person is a benamidar in respect of a property, he may, after recording reasons in writing, issue a notice to the person to show cause within such time as may be specified in the notice why the property should not be treated as benami property. (2) Where a notice under sub-section (1) specifies any property as being held by a bena ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 3 [ from the last day of the month in which the notice under sub-section (1) is issued ] ,- (a) where the provisional attachment has been made under sub-section (3), - (i) pass an order continuing the provisional attachment of the property with the prior approval of the Approving Authority, till the passing of the order by the Adjudicating Authority under sub-section (3) of section 26; ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion, he shall, within fifteen days from the date of the attachment, draw up a statement of the case and refer it to the Adjudicating Authority. 4 [ Explanation . For the purposes of this section, in computing the period of limitation, the period during which the proceeding is stayed by an order or injunction of any court shall be excluded: Provided that where immediately after the exc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... as from the date of issue of notice under sub-section (1) 3. Substituted vide FINANCE (NO. 2) ACT, 2019 w.e.f. 01-09-2019 before it was read as from the date of issue of notice under sub-section (1) 4. Inserted vide FINANCE (NO. 2) ACT, 2019 w.e.f. 01-09-2019 - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Manage ..... X X X X Extracts X X X X X X X X Extracts X X X X
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