Income Tax Officials Attach Rs. 400 Crore "Benami" Plot Belonging To Mayawati's Brother

Income Tax Officials Attach Rs. 400 Crore "Benami" Plot Belonging To Mayawati

Income Tax Officials Attach Rs. 400 Crore "Benami" Plot Belonging To Mayawati's Brother 

New Delhi: The Income-Tax Department has attached a "benami" plot worth Rs. 400 crore in Noida belonging to BSP chief Mayawati's brother and his wife, said an official order.

On July 16, the provisional order for the attachment of the seven-acre plot, "beneficially owned" by Anand Kumar and his wife Vichiter Lata, was issued by the Delhi-based Benami Prohibition Unit (BPU) of the department.

Mr Kumar was made the national vice president of the Bahujan Samaj Party, by Mayawati. 

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The order has been issued under the Prohibition of Benami Property Transactions Act, 1988. The attached asset, considered a "benami" property of Mr Kumar and his wife by the department, measures 28,328.07 square meters or about seven acres, the order said.

It said that the book value of the property is Rs. 400 crore. The law stipulates that a violator of the Benami Act can face rigorous imprisonment up to seven years besides being liable to pay fine up to 25 per cent of fair market value of the ''benami'' property.

The Income Tax Department is the nodal department to enforce the Benami Act in the country and the department started initiating action under the new Benami Transactions (Prohibition) Amendment Act, 2016 from November 1, 2016 after the Modi government enforced the dormant-lying law from that year.

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