The Income Tax department has registered over 230 cases and attached assets worth Rs 55 crore nationwide as part of its post demonetization action under the newly enforced Benami Transactions Act. "A total of 235 cases and instances have been registered under the said Act by the department till mid-February. Show cause notices for attachment have been issued in 140 cases where benami assets worth Rs 200 crore are involved. "In 124 cases, benami assets worth more than Rs 55 crore have been provisionally attached till now," an I-T report, accessed by PTI, said. The I-T department is the nodal department to enforce the said Act in the country.

Source: dna February 22, 2017 13:49 UTC