Approver Under Benami Law: To Be, Or Not To Be?
4 months, 2 weeks ago

Approver Under Benami Law: To Be, Or Not To Be?

Live Law  

The process of obtaining evidence from persons involved in crime by granting them immunity is well known in criminal law both in India and abroad. While investigating and prosecuting benami cases, the income tax authorities often find it difficult to decipher the real transaction hidden behind the façade due to lack of documentary evidence and general secrecy surrounding such transactions. Immunity to approver under Benami Law To overcome these difficulties and prosecute the real culprits, the parliament has introduced provisions in the Benami Law by Finance Act, 2024 to grant immunity to the Benamidar or any other person who assists or abets the benami transactions if they make a true and full disclosure of the benami transaction. The Approver would be given an immunity from prosecution if he/she discloses all the details to the Initiating Officer relating to a benami transaction. Once the tender of immunity is made and accepted by the Approver, the said immunity would render the Approver immune from prosecution and penalty under Benami Law.

Law Evidence Prosecution False Information Officer Person Immunity Transactions Provisions Benami Law Benami Transaction Benami Approver  approver  law  person  prosecution  transactions  officer  benami  provisions  immunity  evidence

History of this topic

Benami law—the long arm of tax authorities
4 years ago

Benami law—the long arm of tax authorities

Live Mint  

The word benami means “without a name”. As an example, a benami property is a property bought by a person in the name of another person. Legislative backdrop The Benami Transactions Act, 1988 was introduced to prohibit benami transactions and to recover the property held as benami. Let us now look at some of its key provisions: Benami transactions Under …

Benami hunt: Why Narendra Modi govt's latest move could spring a surprise on detractors of demonetisation
6 years, 3 months ago

Benami hunt: Why Narendra Modi govt's latest move could spring a surprise on detractors of demonetisation

Firstpost  

Action under the benami law for deposit of demonetised notes disabuses the naïve notion that all bank deposits automatically become sanitised and legit The law on benami properties prohibits entering into benami transactions. It is against this backdrop that the Narendra Modi government’s seemingly belated drive against large deposits of demonetised notes during the heady and tumultuous days of demonetisation …

Discover Related