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Notice and attachment of property involved in benami transaction.

Notice and attachment of property involved in benami transaction. - Section 24 - ATTACHMENT, ADJUDICATION AND CONFISCATION - Other Direct Tax Provisions - Section 24 - CHAPTER IV ATTACHMENT, ADJUDICATION AND CONFISCATION Notice and attachment of property involved in benami transaction. 24. (1) Where the Initiating Officer, on the basis of material in his possession, has reason to believe that any person is a benamidar in respect of a property, he may, after recor .....

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f 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 prescribed, for a period not exceeding ninety days from the date of issue of notice under sub-section (1). (4) The Initiating Officer, after making such inquires and calling for such reports or evidence as he deems fit and taking into account all rele .....

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