I-T Dept’s Crackdown On Benami Properties; Hundreds Of Notices Issued, Assets Seized

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New Delhi, March 16: After the finance ministry’s directive against benami properties, the income tax department has reportedly launched a major drive against benami properties by utilising artificial intelligence, blockchain, data analytics technologies, and sharing information within different departments.

The department has reportedly issued hundreds of notices to individuals who own such properties and in many cases assets have also been seized.