Govt. allocates Jurisdiction for Competent Authorities as Adjudicating Authority under Benami Act [Read Notification]

Govt - jurisdiction for Competent Authorities - Adjudicating Authority - Benami Act - taxscan

The Finance Ministry has allocated the jurisdiction for Competent Authorities as Adjudicating Authority under Benami Act, 1988.

The government empowered under section 7 of the Prohibition of Benami Property Transactions Act 1988 as amended by Finance Act, 2021, allocated the areas of jurisdiction among the Competent Authorities authorized under sub-section (1) of section 5 of the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 for the purpose of the said Act.

Firstly, in respect of Competent Authority, Kolkata, all the cases referred by Income Tax Authorities exercising the powers and performing the functions under the Prohibition of Benami Property Transactions Act, 1988 having headquarters at Kolkata, Bhubaneshwar, Patna, Guwahati.

Secondly,  in respect of all the cases referred by Income Tax Authorities exercising the powers and performing the functions under the Prohibition of Benami Property Transactions Act, 1988 having headquarters at Bengaluru, Chennai, Kochi, Hyderabad, Panaji.

Thirdly,  in respect of  Competent Authority, New Delhi, all the cases referred by Income Tax Authorities exercising the powers and performing the functions under the Prohibition of Benami Property Transactions Act, 1988 having headquarters at Delhi, Bhopal, Raipur, Chandigarh, Ludhiana, Jaipur, Lucknow, Kanpur.

Fourthly,  in respect of Competent Authority, Mumbai all the cases referred by Income Tax Authorities exercising the powers and performing the functions under the Prohibition of Benami Property Transactions Act, 1988 having headquarters at Mumbai, Ahmedabad, Surat, Pune, Nagpur.

“The work performed by the Competent Authorities authorized under sub-section (1) of section 5 of the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 (13 of 1976) in exercise of powers conferred under section 7 of the Prohibition of Benami Property Transactions Act 1988 will be in addition to the work already being performed by the Competent Authorities,” the Government notified.

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