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Economy News

The Economic Times

Economy / The Economic Times

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SC order turns up tax heat on old benami transactions

The Supreme Court has ruled that tax authorities can retroactively apply the benami law to confiscate assets from transactions predating 2016. This decision allows for the seizure of properties and prosecution of individuals involved in disguised ownership deals, even those masked through succession plans. The ruling reinforces the law's intent to unmask prohibited arrangements and prevent tax avoidance.

10 May 2026 5:30 am