Contents
% ' ! 0
. / ) 4 # % 3
CHAPTER I
T N E M E C N E M M O C D N A T N E T X E E L T I T T R O H 3
PRELIMINARY . / ) 4 # % 3
S N O I T I N l E $
D L E H Y T R E P O R P R E V O C E R O T T H G I R E H T F O N O I T I B I H O R 0
341 S N O I T C A S N A R T
PROHIBITION OF BENAMI TRANSACTIONS
F O N O I T I B I H O R 0
N O I T A C S l N O C O T E L B A I L
D L E H Y T R E P O R 0
Y B Y T R E P O R P F O R E F S N A R T E R N O N O I T I B I H O R 0
AUTHORITIES
Y T I R O H T U ! G N I T A C I D U J D !
447
18.
456
S E I T I R O H T U A F O S R E W O 0
8. to [Omitted by the Finance Act, 2021, w.e.f. 1-7-2021] 17.
N O I T C I D S I R U J D N A S E I T I R O H T U !
C T E Y R I U Q N I N I T S I S S A O T S R E C l F O N I A T R E #
N O I T A M R O F N I R O F L L A C O T R E W O 0
S T N E M U C O D D N U O P M I O T Y T I R O H T U A F O R E W O 0
C T E Y R I U Q N I T C U D N O C O T Y T I R O H T U A F O R E W O 0
I-5
485
22.
481
20.
490
23.
483
21.
478
19.
414 benami
5.
446
7.
441 benamidar 6.
369 benami 4.
59 2.
benami
3.
25 1.
I-9 z
Alphabetical Reckoner to Benami Law z
Benami Transactions in Shares Reckoner
I-61 z
Section-wise Table of Cases
I-63
CHAPTER II
CHAPTER III
3 4 . % 4 . / #
N O I T C A S N A R T
ATTACHMENT, ADJUDICATION AND CONFISCATION
N I D E V L O V N I Y T R E P O R P F O T N E M H C A T T A D N A E C I T O . E C I T O N F O E C I V R E S F O R E N N A -
Y T R E P O R P E H T F O N O I S S E S S O 0
Y T R E P O D R E P T A C S l N O C S E I T R E P O R P F O T N E M E G A N A Y T R E P O F R O P G N I T S E V D N A N O I T A C S l N O # F O N O I T A C I D U J D !
APPELLATE TRIBUNAL
L A N U B I R 4 E T A L L E P P ! F O T N E M H S I L B A T S %
L A N U B I R 4 E T A L L E P P ! F O C T E N O I T I S O P M O #
F O S R E B M E D N A N O S R E P R I A H # F O T N E M T N I O P P AL A RN OU F B SI NR O4 I T E A T CA lL L I LE A P UP 1! S R E B M E D N A N O S R E P R I A H # F O S E C I V R E S F O SL NA ON I U T I B D I NR O4 CE T DA NL L AE SP MP R! E F 4O S R E B M E D N A N O S R E P R I A H # F O E C l F O F O M R E 4
N I A T R E C N I E C l F O M O R F R E B M E D N A N O S R E P R I A H S #E C FN O A LS T A VM OU MC EI R 2C
L A N U B I R 4 E T A L L E P P ! F O S G N I D E E C O R P E T A D I L A V N I O T T O N C T E S E I C N A C A 6
L A V O M E R D N A N O I T A N G I S E 2
S E C N A T S M U C R I C N I A T R E C N I N O S R E P R I A H # S A T C A O T R E B M E -
L A N U B I R 4 E T A L L E P P ! F O F F A T 3
L A N U B I R 4 E T A L L E P P ! F O S R E W O P D N A E R U D E C O R 0
L A N U B I R 4 E T A L L E P P ! F O S E H C N E " T S G N O M A S S E N I S U B F O N O I T U B I R T S I $
S E S A C R E F S N A R T O T L A N U B I R 4 E T A L L E P P ! F O N O S R E P R I A H # F O R E W O 0
Y T I R O J A M Y B E B O T N O I S I C E $
S T N A V R E S C I L B U P E B O T C T E S R E B M E -
S T R U O C L I V I C F O N O I T C I D S I R U J F O R A "
L A N U B I R 4 E T A L L E P P ! O T S L A E P P !
S E K A T S I M F O N O I T A C l I T C E 2
N O I T A T N E S E R P E R O T T H G I 2
T R U O # H G I ( O T L A E P P !
647
48.
622
46.
650
49.
637
47.
620
45.
617
43.
615
41.
619
44.
616
42.
609
40.
607 38.
604 36.
608
39.
605 37.
601 35.
598 33.
596 32.
599 34.
% ' ! 0
. / ) 4 # % 3
28.
593 31.
581 benami
591 30.
587
589 29.
554 27.
552 25.
benami 26.
493 benami
24.
I-6
CHAPTER IV
CHAPTER V
S G N I D E E C O R P O T E R U D E C O R 0 L A N I M I R # F O T ER DU OO ## L FA O I C NE OP I 3 T A E CR I L O P F PE !B N O I S I V E R D N A L A E P P !
N O I T C A S N A R T
OFFENCES AND PROSECUTION
R O F Y T L A N E 0
N O I T A M R O F N I E S L A F R O F Y T L A N E 0
N O I T A M R O F N I H S I N R U F R O S E C I T O N H T I W Y L P M O C O T E R U L I A F R O F Y T L A N E 0 S T N E M U C O D R O S D R O C E R N I S E I R T N E F O F O O R 0
N O I T C N A S S U O I V E R 0
MISCELLANEOUS
S T C ! N I A T R E C F O S N O I S I V O R P F O L A E P E 2
D N A
E B O T S R E F S N A R T N I A T R E #
N O I T P M E X %
C T E S N O I T C E R I D E U S S I O T T N E M N R E V O ' L A R T N E # F O R E W O 0
D E R R A B T O N S W A L R E H T O F O N O I T A C I L P P !
E L B A Z I N G O C N O N E B O T S E C N E F F /
S E I N A P M O C Y B S E C N E F F /
S D N U O R G N I A T R E C N O D I L A V N I E B O T T O N C T E E C I T O .
H T I A F D O O G N I N E K A T N O I T C A F O N O I T C E T O R 0
S E S A C G N I D N E P F O R E F S N A R 4
E V I T A T N E S E R P E R L A G E L T S N I A G A C T E S G N I D E E C O R 0
T C E F F E G N I D I R R E V O E V A H O T T C !
S E L U R E K A M O T R E W O 0
T N E M A I L R A 0 E R O F E B S N O I T A C l I T O N D N A S E L U R F O G N I Y A ,
S E I T L U C l F I D E V O M E R O T R E W O 0
N O I S I V O R P L A N O I T I S N A R 4
G N I V A S D N A L A E P E 2
765
71.
SPECIAL COURTS
S T R U O # L A I C E P 3
767
72.
763
70.
759
68.
753
66.
762
69.
758
67.
752
65.
744
63.
735 61.
751
64.
737
62.
734 60.
732 58.
% ' ! 0
. / ) 4 # % 3
57.
733 59.
730 null
void
726 56.
722 54B.
716 54.
725 55.
719 54A.
683 benami
53.
678 51.
682 52.
675 50.
3 4 . % 4 . / #
I-7
CHAPTER VI
CHAPTER VII
CHAPTER VIII
3 4 . % 4 . / #
3 % , 5 2 3 . / ) 4 # ! 3 . ! 2 4 9 4 2 % 0 / 2 0
& / . / ) 4 ) " ) ( / 2 0
% % ( # 3 $ 2 ! 7 % 2 3 4 . ! 2 / & . ) 3 . / ) 4 # ! 3 . ! 2 4 4 # ! % ( 4 2 % $ . 5 $ % 5 3 3 ) 3 . / ) 4 ! # ) & ) 4 / .
4 # ! 3 % ) . ! 0 / # & / 3 % , 5 2 $ . ! 3 . / ) 4 # % 3 4 . ! 6 % , % 2
' . ) 3 3 ! 0 2 / & 49 )4 -) )2 ,/ %( -4 )5 4! &' /. ) .4 /! )# 3 ) .$ %5 4* 8$ %! 29 /" & . / )3 4 !5 # )2 & % ) 4$ /2 ./
838
2 . / 4% ) #$ 4 !. ! 5 8 !4$. % ,#) / %!&) ) 4 2 # # % ! 330 7. & /3/ !) &. ,3 // 2) ) %634 (/.% 42/, )0 /03 ) $.6 )// .! # !4 2 .202 /% / ) .& 4#)% ! !4 8&4! !/2$ 44%% %.#5 (%&$3 4-/&4 &$./# /. /.! %) /$ 4 )% .-! 3 ) / & )!8.) 4 !%# #$,4% %.%80 3!2%3
837 APPENDIX 5 :
799 APPENDIX 3 :
% ' ! 0
. / ) 4 # % 3
APPENDIX 6 :
822 APPENDIX 4 :
781 APPENDIX 2 : BENAMI
771 BENAMI
APPENDIX 1 :
I-8
APPENDICES
3 . / ) 4 # ! 3 . ! 2 4 ) ! . % " & / . / ) 4 ) " ) ( / 2 0
DGM NNE AIH W T SO DL O RL T OOD F WE E N 4HG T I 0N S S "I A 0D Y EEL HNE T V lI FET O C DE TP S NUE OBR I TS T C C G E!N S I SN FH I O A TE NM I D E EE M S NA Ul S AE L E C DH WTT EOE V NNA S T FSH C N O L! OA L SI E MSHS S SO RE E R H ST T T PC X! NE N ) I T C ! S T S U R 4 N A I D N ) E H T
T C ! N O I S S E C C U 3 N A I D N ) E H T
T C ! P I H S R E N T R A 0 N A I D N ) E H T
T C ! X A T E M O C N ) E H T
T C ! S E I R O T I S O P E $ E H T
T C ! G N I R E D N U A L Y E N O F O N O I T N E V E R 0 E H T
D N A T C ! P I H S R E N T R A 0 Y T I L I B A I , D E T I M I , E H T
T C ! S E I N A P M O # E H T
EY NB OD HE R CI I U H Q WE RR OS F A T C ! 4 0T "C 0! NX I A DT EE N R lME EOD C DN N T) U O NS NI A SE EN R R A OA I T HI T C CN I l! H E4 WD S 0 DN" RO0 OKF WC O A EB HL T L A FF O N OO ET I MS T C OA E 3HS
N O I T C A S N A R T
F E W T C ! T N E M D N E M ! N O I T I B I H O R 0 S N O I T C A S N A R 4
E H T Y B D E T R E S N )
T C ! S E I R O T I S O P E $ E H T Y B D E T U T I T S B U S S A N O I T C E S B UR SE D NN OU I S S S I A MD OA E SR T I O T R O I R 0 F E R D EW T T I M /
O T Y L P P A L L A H S N O I T C E S B U S N I G N I H T O . @
RN E E T E H GB UD AA DH Y DT ER I E R R P A O MR P ND UI R RAE OST EEH H F G I U WTA T A SH D I T H D FDI E O E R EVR MOA R M AP N NS U I EY HR E T H AT NR I TR NNO OOE SCF R EI E PHW T E YS H NS T EF AL YN O BUT YDl T E R EN E PME OUB RSE PEH R T FP O R O EEF B S LD A L HA E CHS R SA UT H PI C DR EN U HA P T
A Y B D L E H S E I T I R U C E S E H T
E H T F O N O I T C E S F O N O I T C E S B U S R E D N U R E N W O D E R E T S I G E R T AC S! A S E I YR R O OT T I I S S OO PP EE D$
Y R O T I S O P E D A F O T N E G A N A S A T N A P I C I T R A P
ii
= T C ! X A T E M O C N ) F O
Prohibition of benami transactions.
Y N A O T N I R E T N E L L A H S N O S R E P O .
= ;
i
[CHAPTER II 1
= T C ! X A T E M O C N ) F O
N O I T C E 3 ; E V I T A T N E S E R P E 2 L A G E , @
12A 29 N O I T C E 3 ; T N U O C C A F O S K O O " @
Benami
= T C ! X A T E M O C N ) F O
31
N O I T C E 3 ; D L I H # @
a
b
benami
3.
15A
1. 2. 3.
31
E H T Y B T C ! 4 0 " 0 E H T O T N I D E T R E S N I E S U A L C L A N T OC I ! T I T N lN EE DM WD EN NE AM S! I S I H 4
S. 3 341
2J.5 WORDS AND EXPRESSIONS USED IN THE ACT BUT NOT DEFINED
PROHIBITION OF BENAMI TRANSACTIONS]
ibid.
(Contd on p. 342)
3 . / ) 4 # ! 3 . ! 2 4 ) ! . % " & / . / ) 4 ) " ) ( / 2 0
ED BN E L T LX A HE SY NA OM I T H C AC SI NH AW R T M R E H T T O AB RH OT I YFW T NN AE R O OME T NN N Ol I S I SR H R PI T E T MW N EIR H O RI T E S R VWA EEE OL Y HB AE 7H E R SH =I N T U O ; PT
R GH I E T NI H T I O F W H A R T 0Y E D C NN NS AA AN NOGD I N R OT I O NCDC OANC S I AA N T T C AS AR HN I S T E N4I L = A WB ) R TA ) T O H 6 NS I R LN E L T EAUP H P HS A T E H F B # YO NT N AN I OE N D T T MC E ON N I E I ! T I SCT C A N R T E N E EE N S T O M N BC MU EMD S RO NSN E O VCENI I EF D S I OOME V HE!N O T IR 7A NA DO TP INE ET HIOH ; TBCT = ;
YN NTL I ILI O A MA T T R ONI B I E G I CNI H DERO EEORN B T S P SA P O F I MA O T C EH NE X N OS E OIB T NI HO TAU CI L C S I O TE H I C S WESVA S B R D ! UO E 0BSF R 4U S D E S "N NNB O A M EIT I S HNC U I O T N I !VE FT O I O RR TP B N I H N ELE NO MAE OR N I B PDE T N C S EE PA EH G S T H MN FM! I O N O I R AN F TO NS NT I N O OO C EC I IH T E T C DS T C EA EB S SYTU BNBCS A D A UR NN EE 3T T I
DRADF EO EO D T S EE P A F D H MI I C E EWV R S OU XSR U I P EH A ! P L 0FON# E S 4OL ER "EA T E MDBH EA NDG HN T AAU FE HA O HNYD O T R TIE D T NI E NI B PR I I ON OR H I T OORA P C ESREM R P S E N HU ST FPI O YHA TR NTH O A MTE F NYO I OBRNW O F I T I Y S C RT T I P E ER S ETMH F BPHUO UOGST U R SP AEl R FFDP E O N O DL EE EB EI B S R AE EART H A H T S UCMUT R B AU R NE L O # PUR F
a
N O I T I B I H O R P E H T G N I N I A S T I N T OI S CA !S 0N 4I "A EM HE T R FS O N O I NT OC I A T S C N EA S R FT O N O I T C T ES S N I BA UG 3A
R U O F D E N FI O A T NN OO I C T I B D I H E T OC RA 0N @ HE T Y I L WA L N SI L G A EI R DO TS C !A 4 0N "O I 0T C EE H3 T F S S O NN O OI I T T C NC E AS OS I T NB C AU ER 3T S
benami
S CE I ER PO ST E I S R O SP G NE I $ N AE ET H MF EO H T N EO VI AT C HE LS L A HF SO v T N AN O PI I T C C I T E R S A PB h U DS NF AO v Y R OD T N I S OA P E DS h E SS NU OA I C SL S N E I R PM XE EH ET HO 4T D E N G I S S A Y L E T VC I ! T
N O I T I B I H O R 0 S N O I T C A S N A R 4
E H T Y B N O I T C E S B U S S A DF E E R E BW M U N E R T C ! T NN OE I T M C D EN S BE UM 3!
D E T R E S N )
R E D N U S A D A E R N O I T C E S B U S N O I S S I M O S T I O T R O I R 0
D E T T I M /
F O E R U D E C O v RE 0B L L A AL NA I I MB ID R #N FA O E L EB DA OZ I #N EG HO T C N IN DO EN NE I B A T L L N A OH CS GN N O II H T T C Y E NS AS I GH NT I D R E ND AN T S HU T E I C WN TE O F F .O N A h
ibid ibid.
Benami
.
-
g
e
Explanation.
342 S. 3
benami
-
benami Benami
COMMENTS
3.1 LEGISLATIVE HISTORY
benami
-
b
(Contd from p. 341)
% , " ! ( 3 ) . 5 0 % $ ! $ % 4 ) " ) ( / 2 0 . / ) 4 # ! 3 . ! 2 4% )# -. !% .& %& "/
R I M H S A + U M M A * F O S 4 5 N I N O E C R O F O T N I E M AH CK A D NA O, I T D C EN 3A
S N O I T C E S B U S E E R H T E H T F O E C R O F O T N I G N I M O C F O S SW E O T L L A O DF ES HA T E AR I A D N ) N FO O I T TC S E E S R F NO )
= N O I T C E 3 R E P S A ; N O I T C E S B U 3
L EN L C NA O O I I NT H T EC S C F EE T F S SC O ! NBWS AUEI H T3.T A E R HL T T B E C A! D DL N EI DATU N B I EE V C ODMN RND PAN E F E F !L 0BEO 4AMN S ! A I "N h EG T A HO T H C FN T O S EE OHD N TI NE YV OB I BO T L R L C D A P EH ET v S STC E T FN L I !B O M O A I 4S O C T 0N I NEN"G S E OS E0O I I T EC B H C HN T ST ER S EAFO B HON D UN E 3U B
¾
RNN HE I O CT I I D F T H E C WAE N R I OSA N BN T NOUO ONSC N I O I T S I C D N T EC E O S N I A S I S BN I A V T UA O N SR R WTOP EICE NMGH N DAIT H ENHT T E T BYI R N E W OA S T E NN GC I N I N SS I D A A R HE ND R TTAO T N C S C !EH C RI TA TE N WN V EE TI MO O E DHNL N LB EWLA A MTHH) A S S I ) !H N 6 T UR S E P E E D T I P V BA EO H HR # 4P
F AOSECYO OTAHENE P H T UT4SAT N A I TC BOD T U SN! Y S R E L T E N E P MN T H OWP EI N E T N T EO NA MC L SDE L RI EA SH E H VRN T S EPEBS OMMUI S I T HH D !S C EN WT ! AT I O C TW OT I A AT N HE NCTE R T L N E E OM OYSR DBEI I D LBP EAHT L N DH4C A U S I EN I OE V H IST M ONTSG W N RUOBI PPBUREI! O N D EHSS B E TEANR I I L NL WI TE OL H T A N I N E T HRW EE C H O T N ESE T S OMNF S R N H I OO FONET S I I C I l O S T T T EN I C C N H H S U A AT S E T S ID BPN M NWE U E NA AE OR RRSHR C I TOEE4TN T L C IE ISBI EM H MM R M S A W AM BAEUT N N N N S Y UE OEO R EE I 3B R BC T
Y ONL T OP N I T I P A A GC L IL NL I A P R E MH T IS N EY RB ODN F O I NNT OACO E I S S T I B V R O O R UI P SR WP L E O A T N N N ER I N PT E I D E SF SR A E N E DRO T I N V OIE S I O V RNO S PO N RO I NPT L O C A I A T NS NC EN OA I T SPA C NET R EA HI S RT BTSM UIE A SMDN I E V WAO B N EE RO .B PT
. / ) 4 # % 3 & / % # 2 / & / 4 . ) ' . ) / # & / % 4 ! $
TP TO FYE DN L E E BH E HG CNDT OE NI M E SAO TO E N T I TACIUR H T N T E F I I L S R E l T Y B S N UAHES L T O CTTDBNIN S O I N S EA T R UI I EC S OWST MUE C PF DI ESA RQS EI C E DNASE T F S TE NPN P O E R @ A DH MA F I O R EPVTNTOC X OSO T N EYR!IEPDO S B T E N E C C !RP I A E H T NT 0O S C NSTON 4R E S F C "E OO AS E I N N E T DB D OC EWI H NU UT HO TA L US T C S C SDD FDENEX N O E S S E A E E R ORT E BRUTT I T EI TUTAC L NS !CMM S C OI A G I OO S NTN S I TE CS N U C R AEA EA H NER BH S O M T S4 T I FA ST D A C O C Y N YR EA E H! L RO S B O T T NM S I T IS N NS I S SA! NE OO O R O I PIT @IM T T M F PE C C O D R E ED A E DE N S S P E PN BAA@ EO AM UYFF H CR S SBOO T T!
9
benami
benami
benami
benami
Para 3.2 343
-
3.2 DATE OF COMING INTO FORCE OF SECTION 3
3 . / ) 4 # ! 3 . ! 2 4 ) ! . % " & / . / ) 4 ) " ) ( / 2 0
= N O I T C E 3 R E P S A ; N O I T C E S B U 3
= F L E S T I N O I T C E 3 R E P S A ; N O I T C E S B U 3
IS MNC AOEN S I NT O B ECU I A T BS C 3E N SA T S I R B B T I I U H OM S R N PA I N E N O BMI T T NOI N R B E NOF I ORT H M I C O A T H ER C BF S ES I FPN S IEEU BHHHP T UTT I F R 3 W O O F ENE S C NN OD I R OO I OTV I A T I F L T C O O ECOI R T E S VP N BSI ED UFSHN SOETA S MEE EMO KC ER AN C R E ME HT T F F SN O ) N A O E S HN L IDB N T OC A A I E H T S NC S I AB OS N I SU T NUN C S A OP ER NT I 3T A I
I EM CNR O AI OA S T F N C NA E E AS BB R T NRN IAOO MR R ATNA NIOB M TE EA U BN H NEBT OB F I T F N RI A B E M E H H S T I R F E N I TU T R F PE N A RF E T ROA M F H OSR SENE O I R D N OOI N V UF O NO PEO D RBSRE P R ORE T O F A L SNP O E NI Y O DD OV NI I AT S V E I C OT YE RA B S PL O B I OU N V T I N S 3 S I NI N O D O I I T E T C R C NE A EI T S S SN N BN E A UI OS R 3T I T R HO SF I O N ST UE D PI V AO S TR N I O SPT I E O C SE KL AA S MDH T LNI A A GNW EO D L A L IE I T SCR NAE OSB N I T AO C R T AT S E NIV M AA A R H T NL IE L MBI A W NA EO T N BN O SIT I E RC KE E AT3 N ME T ON T E NE MN OC I HO T N ST C I EI EF C S FNE U SOPS E UL D EN HB HA 4AT
S EOOH DNIH DL DE N O EOMCR #HTTC ONU N N I I A 3TI NTAH PI I H OM TY R T N H RRW E WECT A WO E G E H E A C HS I I C T BMT T N N T L L N ID N NNSEEO OSYRENBN A N E A A ) L R E R MCWA LT I O T AWOA O T L T N A M T O R O F N O O I H A O D HES W E X RN HT O I SR EF A T NRRMET I T 4 SANHTEOIOEANAC N OTCRSSFHN RE O R O L T4ESES HSMEAA E E P R F B I N E T T F E O S W R O =I N E EHHA M E V SPR 7NE T EEF T O O NOFH ORMOCRVA U S B T R R S I C N N I E I T OT NW F NT PS VOHS C N C A E T; O O S T EEI C OEC I ERAE I T E H P T O R I S E V A WN S SL F OPTM CFHP II F A O P R N V T O M Y W G B E S R S L OP IO R N E N T NWS N H AI E A I K HN R T PEA EAOUOA I R H I T E O I N T T I W HGDI T T YVT F T A D A W V O I A N R S I H H R I H E TS B O E M A T E C C A ETET T I L O I C Y I F A P L R A U WO L SHO ET H B NS L O K A T S A A O F W C A E R E R T T HOC O O HIOBBI H S U T T L S S U T N S I N T ES E EN N R ENIWI EAA D R C O I R I NNSUTVUAFNNN F O S EC E T U T OE AI EDF E E BPYOH MES BA U LF TMF M EE W U C W O B E O N F O !SNA E O O R R C O E C hE S N T I L E v W H L T N E A N TD S EO A T N A C AH S ANR TON H A O OV I S HNS R A T I I SOSTIHO U T T NTTCC! TESETT I I I I T D N U C B DNAM B A YA SET S N I L I O N O L OR E C E E R H I H E I A N T I E R KBET T E T V O I O HI F N O P RAUPCXCBF R B E M A T S S E O N R O P A I O ABPTSAS O E H O E SWV NYSAHSNYI O T A I I I A T S H I H WR ENH EON I H R TN MV TPB 4 I AT4WT CI T ) Padmini Chandrasekharan
R. Raja-
gopal Reddy
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i.e.
344 S. 3
3.3 PROVISIONS OF SECTION 3 IN BRIEF.
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-
While section 3 provides for criminal liabilities of entering into a benami transaction, the civil consequences of benami transactions are specified in sections 4, 5, 6, 7 and 18 to 49. 3.4 WHAT IS THE DATE OF COMING INTO FORCE OF THE PROHIBITION IN SECTION 3(1)?
i.e.,
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Para 2C.2
T T S TA E N U N C R N EO B I N P R I A Y E T E U G F R F P S F F O EA I O T L C D C A R X I E OE OD T P F A N P TR YA N L A T P EN PDY O MC ANN A A HT S STT N NI IO OUOO NN N I S I T UE S LNC I PR I V C OA A S EII N N T S DCC O N A A Y I LD AR T T O A I I ESTRUI S E N C I VA I PCC E L M D R OS E O T UV R A O D IN J PR E ENMEIPV VIABM F O OAN O B R A BRE AP ONTA B N F U E I E FE ES BO O H H P T C T F T E L NNO O L A E S H I A T F T HC T T IFN TA N O N O A I I ODF T H F R E E T T OAYNN C L I D DFS T E P C E M I R F N OE T E N O O O R R F EF I OD I S NT BI FT EC UCSND BANCDI O O A E F E C I T S YFS A V Y AOUOL R TL I P MSLROU P C P V T OP X N E S3 TS A EAI )
D N SA N O I T " C E 3 THORH O T T NC I I EH W SR MWDR N AO N E M EE TY OR X SE E N I T l R E PAYE H H T T RAR I MO O HW MT B )F N CI AD S NE! AN R l T E IDN MSO AAT I NNC EI OE "T S
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E L B A H S I N U P T O .
O T R O I R 0
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Applicable sections
Punishment for benami transactions
Definition of ‘benami transaction’ applicable
When benami transaction entered into
9 Arun Das Tulsiram Ganpati
Smt. Aparna Das Asstt. CIT Dealcom (P.) Ltd. v. Union of India
Para 3.4 345
Sri Arun Das
Tulsiram Ganpati Dealcom (P.) Ltd.
FOR STATES AND UNION TERRITORIES OTHER THAN JAMMU & KASHMIR AND LADAKH
9
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Applicable sections Punishment for benami transactions
T TSN TAEFII F COIWN C M AA TVAEEE ! BOA O OL U T S R T D M M R A LEN N N E L PYYYY HE IAD N4HA S R O0THTBN RRENARAO A T " S O P P O I O S H F T I R F T S 0 T T F T C O D D E I O I U E C O I I N T EED D N T T M AN O O I 3H E A YES A IOT SVT VR EANE V SLCN =T NA SAC N T F R I O N AEE ORFRO C OE REUE FP I R I !O DS HBT OOOT PGFT
Definition of ‘benami transaction’ applicable When benami transaction entered into
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GFF ) C l NOOA ) D E I SN Y N N WT A E E L OI CABRR L U R L E O GNT N A E F D F EF I)WI BO M OM L A A EL N L N N A E A HH OI EI E HB 4S B TC T -
RT SYNI E NEM HEA A B T N A O OSOEN B E O YHCT I NWU OC T TA ANDNN ONO S SISIN R R )E RA ) REE R ) POPT T
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RY E RSA L S MOE A B EM AIFLY S HU T SO T O I H EC N N NN RE I UO GMMOH PI N R R W OE N HS T T AU ITH I R )W B PAT
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346 S. 3
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Applicable sections Punishment for benami transactions
FTOH OC TI T DW !!E XR D A IE U T I L QP NEEM OMRO I T O C C C EN E 3) B E L B A H S I N U P T O . L Y A CR X I AA EC S I NSD NI AD U R RAJ 4O ENS I CIN O MNNDI S AIAEI N L NNR I C A EI OAL E "T PPD E L I H W T + S R * EF OEO T HE RT O T I A NT R I 0 S
Definition of benami transaction applicable When benami transaction entered into
Applicable sections Punishment for benami transactions Definition of ‘benami transaction’ applicable When benami transaction entered into
-
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Para 3.4 347
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FOR THE ERSTWHILE STATE OF J&K AND NEW UTS OF J&K AND LADAKH
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Applicable sections Punishment for benami transactions
S YR AO PI T DD I E O R VC AO RT OT SN E UE DM
Definition of benami transaction applicable When benami transaction entered into
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SYRS RT E N E N E T AN PB A R RA T E SEI H EOM T OCTA O YHU N N D NWN N OEO B A I I N SOT R )O T ) REN C ) A SOPI -
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NYF E C H OTOA SL S I E E R U C NV E N PGE AO RB Y F T A NDF ANOI E S EUEMA B R O A H L E L NNA HFTE OH FBI SO 7I TS -
E RSTD LMOSUN BIFEBE AS LRTD HUTTAXN SONOEEA Y E Y N R I S AR NOM EM A N E UG M N I HY PROROC HSENI T I T A H I R HW O )W PAT T -
T N H E IC L O PI EI KOT R R BHO A PC OWT E E SEDMH L NNR 3 A T ; I E LlT A F L F O X A O HTEEE = SEYHU Y T L T L A )B A R FV ) AMO E
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348 S. 3
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Y H T R O W E T O N E R A S T N I O P G N I W O L L O F E H 4
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E S U N O I T C E S F O N O DI T NC AA S N A SR NT OI I M T C A EN S E BB UY SN NA I O ST NN OI I S S R I E V T ON RE P@ LS A D NR EO PW EE HH 4T
N O I T C A S N A R T I M A N E B @ A O T N I S R E T N E S D R O W E H T S E S U N O I T C E 3
TD C E AS I LR A O UH ST NU EA S NN OU CS AA H SC I NU OS I N T C O AS S R NE AP R A T I N MO APD NUU E A D BE R F TS A OR HP O T T M TI N S U E GO GN GI C C UH STA SES DMI R H OOO S WTT O S EN S S E E DC HN C 4AA
E H T N I D E S U Y L B A I R O A T VN NI I S R SE I T N N E O@ I R T C O A S O NN T AI R T R E IT MN E A@ NS ED BR @ SO DW RE OH WT F EO HT T X E ST UN HO 4C
DTEE EABB H VT T YO R L E SN N I S N BSOA OE NC R SI A A UCN T WQTOC I TEAT A R I C HA N TTS C J A U DNG '!NAN XAT RI A A O 4N OOD T I M T 2FT I N C O I 4'A R ) S RF E EN N HATI T N R A =F ET T @ S O S B AD T RA ; OO R N WO I T REC E HA T N 4N V E A N@ N OTOO I S S D T UR C E H EMP T S I REW TO A D HNME O WOS T A TDHU T A E I Q HW NT HT E )
they entered into an agreement
i
CGT xxiv d
Dr. A. R. Shukla
iii
T C A P M O # E S U O ( M O D N A 2 ; N I E G A= G N E G N I P E T Y A R PA I N C I O T I R T A C I P$ OD T E O G T D N I I R RB E A T N N E5
ii
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(ii)
(v)
(i) (iv) (vi) (iii)
Para 3.5 349
¾
3.5 WHAT ARE THE PROVISIONS REGARDING PROHIBITION OF BENAMI TRANSACTIONS?
-
Advanced Law Lexicon
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Sabina Sultana
Mohammad Anwaruddin
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350 S. 3
3.6 TO WHOM DOES THE PROHIBITION APPLY? TO THE BENAMIDAR? TO THE BENEFICIAL OWNER? OR TO BOTH?
S EODDI EE T Y ORYTL R T UETEBNA N M H I A E N V E T S BDI A ED SAPTN N NI M S RR E T T NOE OO EMO T A A E L T E E CD N MD EHEE HE T RN LE SE R THVA T EE N DEWVGETEEEG E H L AI RMASNDRRNTD O G U I I O L O E WUT U L F L ARRRAUA T C E A L S N YBT R OEP ES C S I D N NENDI I H L N O E G C H E E I AHAA T L YH T T U N M E P4WL I U I BENB C B V R W A M TFS EOL E Y7E RD OMOON T ET DNE X H N S R CENRO HSE EN Y ERSE R A I A ET O L A T E H E O L T PC RL8L C OE P T A L D E E W N LD A S L T 3YR PHI E I M Y S S E S NOTR UN4BL E R E R L E F B L E A A!YE E LDE L S L R A L VOE NVNT I RRNT S R EA E H E E I A WI R R R DES Y EDA WOM E N R SO RT P S O RW EPN E T OA L HAO PN H N C P DW N T L RF I ON EROWUMAI E AO PTYWBEE R TT O O E T D H N E C N TH OU NI L T AYO ES NE L E RPL T UHHNES NTE VT C N TTIHEMUSM ESME BIY84OSOT O E W R I DNOI A BS DTCCN T O H C U N D A RCCDIT A E R B D U E Y N OO T FA LH I S SN MO KS EN T L O RT T E A Y N N L A M O8E E S U T OAN AIN T S DC A OR SCSP AB P 8 P L R E E IEET E EAEEMS L S E X J U H O I P A H T D Y M O O HO BR H CER CH I T ENT O R A E L APREN L O C W L U M P E YARMAPPBNT R L YAOSE AROE#MO L OA SRIY I T N E S E F R Y S T S NO W A ASO SOERN L E R PP L T P UFPGONL E A I D E F A S T L O ML LA TDL YSEPA A A N M E RR ENE AOEFEOE ,A LVARSTDORCSDEE 3.7 WHETHER PROHIBITION IN SECTION 3(1) APPLIES WHERE PURCHASER ENTERS INTO AN AGREEMENT TO SELL (ATS) FOR BUYING IMMOVABLE PROPERTY WITH ITS OWNER WITH PROVISION TO EXECUTE SALE DEED IN PURCHASER’S NAME OR IN THE NAME OF PERSON OR PERSONS AS THE PURCHASER INSTRUCTS?
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N O S R E P S U O I T I T C l A S I F F I T N I A L P E H T
F O W O m H S A CD FN O A E CO R U. OS ST N EA HD T N NE I F A E L D P XO ET D DI NA AP EL Y VD OE RG PE L OL T A DS EH L K I A A L F F F I T N I A S L 2 P
F OO TH R A G PWN I D N NDR ATA , E E T R R V U0 E T G C UYA RNE T AM S P A H R MT F I OW N ) #R 2 NE OD C ! N R EM FA L O U E-EN E MN A YY AA OT N R L I E P D P M!NS E AH M S N K A-TL A S N O A NR WIF EA EE HY SS OA2 YL O L PDT D E EMT T EC T I A MES MA S DI H2 AT
(iv)
E D R E I R T FN E O T N TE ECE E H SP 4 A S E WR S E R NO IR 0 C TD I N B A I H X EO .S S2H T FS NO A A DTC NNN EUI FOD EMI DAA P DDNE ENA B A T A RO F OT DI F F S ETD N L I A NA A S L AW OPLN T T O EI I THU T T N SA E R N F E MEOD EESS I W ET E N R R EC G O ABAC
(iii)
Ra-
Satish Kumar Khandelwal jendra Jain & Ors
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(i)
TRE O DEEC N EM T HB! E O VTI DC T W I E TSA NE E AH CUUCNN L ESSAAR U R E T R SF T E S L GOHN L H T T E O E O T N E L K S TIEL LA #L D I DRVLI I FS W B E NAAA H7SE P H R AY T E R SE/F V T E 3L B ONI I O 4NN E OGN I T !OE8C T U S C EDDLNNA E BO L E A I D HV OS YD I T NL IN7MT MEA RCATE C C R O E E EH T OET F N S R RRA OR IR E D E F I M EDT OR PNA SH A D CE A E ERC NEH T GTT E l E W C EAA DI! BMS C NHL I T AS S E U EA 4AN NP0 E PO R S R I S I ET RL " SD I C R S E P O03HD L E L E 4 F E A S F E H H ! E H O S T L 3 T V A YT4 TI RG I T BS! AG E N D H N N NI REOT 8E S I A WK HT D DI FI A$WT OT CN S E $OREUTE HY TESONR N D B E Y T R H E R NBG ROS I FE K E U T I A DEF A F THAC E R F I HD R A T R E T E D O Y L R HN L DN A NEN E I 7A BOBA AS S
S NR OE I T T N C AE S NO AH R W T I M8 AF NO EE BM AA TN O E NH ST I N 8I YY BR T 3E 4P !O ER HP T O FN O S OR T E N F I S GN A NR I R T E R T O N ES TT S A E HV T T I DTO I T NS N !A I
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Para 3.7 351
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Law Relating to Prohibition of Benami Property Transactions Act 1988 AUTHOR PUBLISHER DATE OF PUBLICATION EDITION ISBN NO NO. OF PAGES BINDING TYPE
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Srinivasan Anand G. TAXMANN April 2022 5th Edition 9789393880956 928 PAPERBACK
Rs. : 2195 | USD : 64
Description This book provides a comprehensive section-wise commentary on the law relating to the Prohibition of Benami Property Transactions. It is rendered in an easy to read & follow 'FAQ' format. It also includes the Legislative History and effective date of applicability based on given Case Laws. Flow charts & tables have been provided in this book for ease of reference. This book is designed to be a handy referencer to the practitioners of the following laws: · Civil Law · Criminal Law · Company Law · Income-tax
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