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Notice and attachment of property involved in benami transaction.

Notice and attachment of property involved in benami transaction. - Section 24 - Act - ATTACHMENT, ADJUDICATION AND CONFISCATION - Other Direct Tax / Income Tax - Section 24 - CHAPTER IV ATTACHMENT, ADJUDICATION AND CONFISCATION .....

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er 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 an .....

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ession of the property held benami may alienate the property during the period specified in the notice, he may, with the previous approval of the Approving Authority, by order in writing, attach provisionally the property in the manner as may be pres .....

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all relevant materials, shall, within a period of ninety days from the date of issue of notice under sub-section (1),- (a) where the provisional attachment has been made under sub-section (3), - (i) pass an order continuing the .....

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operty with the prior approval of the Approving Authority; (b) where provisional attachment has not been made under sub-section (3), - (i) pass an order provisionally attaching the property with the prior approval of the Approvi .....

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