Section 31 of PBPT Act : Section 31: Composition, Etc, Of Appellate Tribunal
PBPT Act
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Explanation using Example
Imagine a situation where Mr. Sharma is suspected of holding property in the name of his driver, Mr. Singh, without Mr. Singh actually paying for it. This is potentially a 'benami' transaction. The investigating authorities confirm the benami nature of the property and Mr. Sharma decides to appeal against this decision.
Under Section 31 of The Prohibition of...
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