The Benami Transactions (Prohibition) Zones of Federal Board of Revenue (FBR) have so far made 50 cases against the owners of benami properties and sent notices for holding Benami assets/income across the country. Sources told Business Recorder here on Thursday that the FBR has started selecting cases on the basis of credible information and the board is expected to frame around 50 Benami cases on monthly basis.
In this regard, Benami Transactions (Prohibition) Zones issued orders of provisional attachment of immovable properties under the Benami Transactions (Prohibition) Act 2017.
The cases would be referred to the adjudicating authority under Benami Transactions (Prohibition) Act-2017 after completion of the due process. Following the approval granted by the FBR, the Benami Zones of Adjudicating Authority established under Benami Transactions (Prohibition) Act 2017 has issued notices for the provisional attachment of Benami properties in in different cities under sub-section (3) of section 22 of the Act for Prohibition for holding properties in Benami.
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