1. A property transaction is not treated as a benami transaction if the owner of the property is not aware of the transaction. |
2. Properties held benami are liable for confiscation by the Government. |
3. The Act provides for three authorities for investigations but does not provide for any appellate mechanism. |
Which of the statements given above is/are correct? |
A) 1 only
B) 2 only
C) 1 and 3 only
D) 2 and 3 only
E) None of these
Correct Answer: B
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