immovable property

The civil supplies department is taking strict action against defaulting rice millers, involving property bans and invoking the Revenue Recovery Act. Reforms by senior IPS officer DS Chauhan aim to ensure transparency in procurement and prevent paddy diversion. CM A Revanth Reddy has instructed accountability measures for defaulters, with a focus on fair paddy allotment procedures.

A senior citizen homemaker in Mumbai battles PAN misuse as an income-tax officer attributes Rs 1.3 crore property sale to her, despite battling cancer and illiteracy. ITAT directs the income-tax department to investigate properly. Similar cases of PAN misuse across India target vulnerable groups like the deceased, senior citizens, farmers, and students.

YS Sharmila declared assets worth Rs 132.56 crore for the Kadapa parliament seat, with significant borrowings from brother Jagan and sister-in-law Bharathi. Her husband Anil Kumar also disclosed substantial assets and liabilities.

Orissa high court ruled that a man's wife cannot be accused of possessing disproportionate assets solely because assets are in her name. The court quashed the case against the wife in a corruption case due to lack of evidence and rejected the analogy of prosecuting every family member. She challenged the proceedings initiated against her for alleged abetment of the offence committed by her husband.

ED provisionally attached 58 properties worth Rs 27.49 crore registered in the name of Sudhir Kumar Goyal, his wife Rakhi Goyal, associates Jay Prakash and Alok Kumar aka Jagga, and his firm Sri Siddhivinayak Properties. Investigation revealed Sudhir Goyal created illegal colonies, sold plots at high prices without infrastructure, and used fraudulent means.

The Naveen Patnaik government announces measures to woo tribals ahead of elections, including MSP for minor forest produces. The cabinet also withdraws the decision to allow non-tribals to buy tribal land. A new state-funded scheme 'LABHA' will provide MSP to minor forest produces. The government also forms a commission for preservation and promotion of tribal languages.

Sale of immovable property in India owned by a Non-resident (NR) individual is a more tedious affair as compared to sale/ transfer made by a resident of India because of the compliances and tax implications attached to the sale.

The ACB investigation uncovers Sagathiya's hidden wealth, including gold, silver, and diamond assets. With properties valued at Rs 29 crore, 1,128% higher than his legal income, Sagathiya faces scrutiny over unaccounted wealth and potential legal repercussions.

The Karnataka government is fast-tracking the registration of temple properties worth crores of rupees in the name of presiding deities to prevent misuse and ownership disputes. The state's muzrai department has already registered properties belonging to major temples in Bengaluru and other districts. In 2020, a survey and digitization of temple records were initiated to consolidate the properties. The government aims to end unilateral control over temple riches and ensure the properties are utilized for the benefit of the temples. The move is similar to the registration process for properties belonging to Masjids by the Wakf Board.

ED attaches properties worth Rs 5.35 crore in Uttar Pradesh linked to Hello Ride Limited. Investigation starts on FIRs against individuals in a scheme involving undervalued property purchases with a cash component, leading to 33 FIRs.

The Directorate of Enforcement (ED) provisionally attached 28 immovable properties worth Rs 2.38 crore under the Prevention of Money Laundering Act (PMLA), 2002. These properties were registered in the name of associate companies of M/s Hello Ride Ltd in Mohanlalganj, Lucknow. The ED initiated an investigation based on FIRs filed by UP Police against M/s Hello Ride Limited and its directors. The investigation revealed that the directors launched a Bike taxi Scheme called 'Hello Ride' and collected deposits of Rs 72 crore from the public without fulfilling their promise of monthly returns.

The ministry of home affairs (MHA) has directed all the Indian Police Service (IPS) officers across the country to submit their immovable property Return 2023 by January 31 next year. The ministry conveyed the direction in a written note circulated at the beginning of this week to the Chief Secretaries and the Director General of Police (DGP) of all state governments and Union Territories (UTs), stating, "The immovable property Return for the year 2023 is required to be filed online latest by January 31, 2024 by using existing nic-e-Mail ID and password."