Income Tax Directorates of Investigation have identified more than 400 benami transactions up to 23 May, 2017.
These include deposits in bank accounts, plots of land, flat and jewellery.
Provisional attachment of properties under the Prohibition of Benami Property Transactions Rules, 2016 has been done in more than 240 cases.
The market value of properties under attachment is more than Rs. 600 crore. Immovable properties have been attached in 40 cases with total value of more than Rs. 530 crore in Kolkata, Mumbai, Delhi, Gujarat, Rajasthan and Madhya Pradesh.
The department initiated actions under the new Benami Transactions (Prohibition) Amendment Act, 2016 (the Act) with effect November 1, 2016.
As per the Act, Benami property includes movable or immovable property, tangible or intangible property, corporeal or incorporeal property.