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Maharashtra: Man gets 7 year rigorous imprisonment for possessing counterfeit notes

Maharashtra: Man gets 7 year rigorous imprisonment for possessing counterfeit notes

Wed, Aug 09, 2023

A court in Maharashtra's Thane district has sentenced a man to seven years' rigorous imprisonment for possessing counterfeit currency notes with a face value of Rs 1.75 lakh.

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Benami Act violators to face double whammy of legal action: Income Tax Department

Benami Act violators to face double whammy of legal action: Income Tax Department

Fri, Mar 03, 2017

The Income Tax Department on Friday warned that those who undertake Benami transactions would invite Rigorous Imprisonment (RI) of up to seven years and such violators would also stand to be charged under the Income Tax Act (I-T Act).

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