I-T dept attaches properties worth Rs. 18,400 crore under Benami Act

The Income Tax Department has attached assets worth over Rs. 18,400 crore till July 21, 2022, under Benami Transaction Prohibition Act. However, it does not have segregated data for transaction made before and after October 24, 2016, when the amendment Act came into force and the cut-off date set by the Supreme Court for a bar on criminal/confiscation proceedings.

The information was in response to an RTI, to elicit details about action under the Act and also on details regarding offences prior to October 26, 2016 and later.