Earnings Tax Department Seizes Misa Bharti’S Benami Belongings

Benami properties are those in which the real beneficiary is not the one in whose name the property has been purchased.
Tax department officials had said Prasad’s kin held some of the properties under their scanner in a ‘benami’ way.
The value of the attached properties could not be ascertained immediately.
ADVERTISEMENTNEW DELHI — The Income Tax Department has provisionally attached a few immovable properties in connection with its probe in the ₹1,000 crore benami land deals and tax evasion case allegedly involving family members of RJD chief Lalu Prasad.
They said the assets are in the benami possession and the action has been taken after the department carried out raids in this case last month.

Read more on: http://www.businessinsider.in