The Income Tax Department has unearthed a major case of benami transactions involving educational institutions in Hyderabad, with shares worth Rs 162 crore under its scanner. This is considered to be one of the largest benami transactions in the education sector. The IT department has attached these shares as part of its investigation into the matter. The move comes as part of the government’s crackdown on benami transactions across various sectors. Benami transactions refer to deals where property is held by one person on behalf of another, with the real owner not being declared. The IT department is taking strict action to curb such illegal activities and ensure transparency in financial dealings. The educational institutions involved in this case are under scrutiny for their alleged involvement in these benami transactions. Authorities are conducting a thorough investigation to uncover the details of the transactions and identify the individuals behind them. The IT department’s actions are aimed at sending a strong message to those involved in such fraudulent practices. This development highlights the government’s commitment to tackling financial irregularities and ensuring compliance with tax laws. Stay tuned for more updates on this developing story.