Section 7 of PBPT Act : Section 7: Adjudicating Authority

PBPT Act

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Explanation using Example

Imagine a scenario where Mr. Sharma purchases a property, but the deed is in the name of his housekeeper, Ms. Gupta, with the understanding that she is holding it for him and has no real interest in it. This is a benami transaction, where the property is held by one person (Ms. Gupta) but the real owner is Mr. Sharma. The government suspects this to be a case of benami property and initiates an inv...

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Explanation using Example

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