Principles of Benami Law — An Illustrative Guide [NO AMENDMENT PROPOSED IN FINANCE BILL, 2022 1st Edition 2022

Principles of Benami Law – An Illustrative Guide provides a comprehensive and easy-to-understand explanation of the Benami Transactions (Prohibition) Act, focusing on its practical application and legal implications. Benami law plays a crucial role in regulating undisclosed ownership of property and preventing tax evasion, making it an important area for legal and financial professionals.

The book adopts an illustrative approach to explain complex concepts such as benami transactions, beneficial ownership, confiscation of property, and adjudication procedures. It clearly outlines compliance requirements, penalties, and prosecution provisions under the Act. Judicial interpretations and procedural aspects are explained in a reader-friendly manner to support practical understanding.

Special emphasis is placed on the current legal position, highlighting that no amendment has been proposed in the Finance Bill, 2022, thereby ensuring clarity on the applicable law. This guide serves as a valuable reference for both advisory and litigation work, bridging the gap between statutory provisions and real-world application.