Black money crackdown: Income Tax Dept seizes benami assets worth Rs 3,500 crore

The Income Tax Department announced on Thursday that it has attached more than 900 benami properties including flats, shops, jewellery, bank deposits and vehicles which have a total worth of over Rs 3,500 crore in its drive against black money. The I-T Department said in a statement that it has stepped up action under the Prohibition of Benami Property Transactions Act, which came into force from November 1, 2016. Read more

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