In a major development, the Income Tax Department has initiated action against educational institutions for alleged benami transactions. Shares worth a whopping 162 crores have been attached by the department under its lens. This is being touted as one of the biggest benami act attachments in recent times. The move comes as a part of the government’s crackdown on tax evasion and illicit financial activities. The educational sector has come under scrutiny in recent years for alleged financial irregularities. The IT Department’s action is aimed at ensuring transparency and accountability in the sector. The attachment of shares worth such a significant amount sends a strong message to entities engaging in illegal financial practices. It also serves as a warning to others who might be involved in similar activities. The investigation is ongoing, and more details are expected to emerge as the case progresses. This development underscores the government’s commitment to rooting out corruption and malpractices in various sectors. Stay tuned for further updates on this evolving story.