#TaxmannWebinar | Demystifying Benami Transactions & Actions under the Benami Act

#TaxmannWebinar #TaxmannUpdates #BenamiAct #IncomeTax #BenamiTransactions #BenamiProperty 📋 Coverage of the Webinar: ✔️ Historical Perspective ✔️ Motivations for Benami Transactions ✔️ Benami Legislations ✔️ Consequences of Benami Transaction ✔️ What are the Benami Transactions? ✔️ What is Benami Property? ✔️ Some examples of Benami Property ✔️ Examples of Benami Transactions ✔️ Who is a Benamidar? ✔️ Who is a Beneficial Owner? ✔️ How to determine that the transferee holds the property for the person providing the consideration? ✔️ Other relevant issues? ✔️ Authorities under the Benami Act • Attachment, Adjudication and Confiscation • Conditions to be satisfied for the issue of notice by initiating officer • Adjudication of Benami Property by Adjudicating Authority • Confiscation and Vesting of Benami Property • Management and Possession of Properties Confiscated (by Administrator) ✔️ Procedure for Attachment of Benami Properties ✔️ Punishment for Benami Transaction prior to 01.11.2016 ✔️ Penalty and Prosecution for the Benami Transaction after 01.11.2016 ✔️ Issues to be considered while investigating a case from the angle of Benami ✔️ Relevant Judicial Decisions ✔️ Relevant Posers and Case Studies ✔️ Q&A Session ___________________________________________________________________________________________ 📢 Speaker: • D.C. Patwari – IRS | Former Pr. CCIT & DGIT (Inv) Shri D C Patwari, a distinguished IRS officer with a remarkable 36-year career, has extensive experience serving in various capacities within the Income Tax Department. His tenure as Pr. CCIT, Karnataka and Goa saw the region surpass Delhi to become the second-highest tax collection area in the country. ___________________________________________________________________________________________ Bonus: • Get a 7-days free trial for Taxmann.com | Research: https://www.taxmann.com/research • Introducing Taxmann.com | Practice Your virtual legal advisor that helps you understand complex legal concepts and enables you to give instant & best-in-class advice to your clients. This platform delivers complete, updated, accurate, and authentic content in a simple language that is easy to understand. Start your search on any concept of the Law using keywords or section no.: https://www.taxmann.com/practice • All Taxmann Books now come with a 15-Mins Free Trial! Get Started Now! http://taxmann.com/virtualbooks/library ___________________________________________________________________________________________ Like our Content? Follow Us for More! • Follow us on LinkedIn:   / taxmann   • Follow us on Twitter:   / taxmannindia   • Follow us on WhatsApp Channel: https://whatsapp.com/channel/0029VaCe... • Subscribe us on Telegram Channel: https://t.me/taxmannprofessionals • Follow us on Google News: https://news.google.com/publications/... • Follow us on Instagram:   / taxmannindia   • Follow us on Threads: https://www.threads.net/@taxmannindia • Like us on Facebook:   / taxmannindia   • Introducing the TAXMANN's PODCAST! | Your Hands-free Weekly Update on Everything Tax & Corporate Laws | Listen Now! https://thetaxmannpodcast.buzzsprout.com ___________________________________________________________________________________________ 00:00 Introduction 03:38 Historical Perspective 07:08 Motivations for Benami Transactions 09:52 Benami Legislations 12:00 Consequences of Benami Transaction 13:22 What are the Benami Transactions? 22:47 What is Benami Property? 24:10 Some examples of Benami Property 26:11 Examples of Benami Transactions 28:44 Who is a Benamidar? 29:05 Who is a Beneficial Owner? 29:26 How to determine that the transferee is holding the property for the person providing the consideration? 31:40 Other relevant issues? 33:45 Authorities under the Benami Act 34:37 Attachment, Adjudication and Confiscation 35:41 Conditions to be satisfied for issue of notice by initiating officer 36:12 Adjudication of Benami Property by Adjudicating Authority 36:37 Confiscation and Vesting of Benami Property 36:58 Management and Possession of Properties Confiscated (by Administrator) 37:20 Procedure for Attachment of Benami Properties 38:23 Punishment for Benami Transaction prior to 01.11.2016 38:29 Penalty and Prosecution for the Benami Transaction after 01.11.2016 38:54 Issues to be considered while investigating a case from the angle of Benami 39:39 Relevant Judicial Decisions 41:52 Relevant Posers and Case Studies 54:48 Q&A Session